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Who is AACI

corn-field

 

Name, Place of Business, and Territory

This Association shall be known as the American Association of Crop Insurers (AACI) and its principal place of business shall be in Washington, D.C. The activities of the Association shall extend over the United States of America and its territories and possessions.

Purpose

Creators of this Association believe the Federal crop insurance program is beneficial public policy that warrants constant and continuous oversight to help maximize its effectiveness and efficiency in construction, regulation and delivery. They believe it is in the public interest and of benefit to the nation's economy to help ensure American farmers have fair access to reasonably priced and comprehensive insurance against yield, quality and revenue losses in growing and marketing crops and livestock.

Creators of this association note that with passage of the Crop Insurance Act of 1980 and subsequent statutes, private insurance companies are permitted to write and service insurance policies offered by the Federal crop insurance program.

To exercise this opportunity, private insurance companies and organizations must enter into contracts or other working arrangements with the Federal Crop Insurance Corporation (FCIC). The companies, organizations and their agents will write and service insurance policies according to the operating arrangement(s) individually concluded with the FCIC.

In support of this belief and pursuant to the objectives of private insurance companies and organizations that are or will be engaged in writing and servicing insurance policies in the context noted above, this Association is organized for the following purposes:

  • To provide for the Member companies, agencies, organizations and the industry at large a means of communication with FCIC which can be authoritative, representative, and effective in the conduct of working relationships necessary pursuant to joint industry-FCIC operational objectives.
  • Without duplicating the functions of existing industry trade and technical associations, to coordinate the activities peculiar to comprehensive crop insurance and unique to the working relationships with FCIC.
  • To provide for the Member companies, agencies, organizations and industry at large a means of communication with Congress, the administration, the agricultural industry and general public which can be authoritative, representative and effective.
  • To provide a basis for broad financial support of the activities specific to functions appropriate for the Association.
  • And any additional purposes which are consistent with the Articles of Incorporation, as from time to time amended.

 

Membership Classes

There shall be four classes of membership: Full, Associate, Affiliate and Agent.

Full Membership: Any insurance company writing Multiple-Peril Crop Insurance that is a risk-bearer regarding such insurance or its duly authorized representative(s), subject to board approval, may become a Full Member of the Association. Such insurance companies shall become Full Members upon submission of the uniform application and entrance fee adopted by the Board of Directors. A company's membership shall be effective when such company shall have ratified these bylaws through its duly constituted officers and shall have filed with the principal office of the Association the name(s) of its accredited representative(s) who shall be authorized to vote on questions coming before the membership of the Association.

Associate Membership: Any insurance company or other insurance organization writing Multiple-Peril Crop Insurance that is a non-risk bearer regarding such insurance, or its authorized representative(s), and any insurance company or other insurance organization writing fire and/or hail insurance on growing crops, and any insurance agency, reinsurance company, insurance or reinsurance broker, or other insurance or reinsurance organization selling, partially underwriting, or facilitating the spreading of risk associated with Multiple-Peril Crop Insurance, subject to board approval, may become Associate Members upon submission of the uniform application and entrance fee adopted by the Board of Directors. A company or organization's membership shall be effective when such company or organization shall have ratified these bylaws through its duly constituted officers and shall have filed with the principal office of the Association the name(s) of its accredited representative(s) who shall be authorized to vote on questions coming before the membership of the Association.

Affiliate Membership: Any individual interested in the crop insurance industry may become an Affiliate Member. Such individuals shall become Affiliate Members upon submission of the uniform application and entrance fee adopted by the Board of Directors or upon nomination by a Full, Associate or Agent Member.

Agency Membership: Any agency that is actively engaged in the sales and servicing of multiple peril crop insurance may become an Agent Member. Such agencies shall become an Agent Member upon submission of the uniform application and entrance fee adopted by the Board of Directors and shall have filed with the principal office of the Association the name(s) of its accredited representative(s) who shall be authorized to vote on questions coming before the Agent Division membership of the Association.