Deferrals. To facilitate tax planning, Insureds can choose in advance to defer Indemnities to the following tax year. There will be no recourse to defer payment once a payment has been issued. Deferred Indemnities will not be applied to outstanding Premiums/balances until the deferred date and interest will continue to accrue.
Appears in 24 contracts
Sources: Export Timothy Hay Insuring Agreement, Moisture Deficiency Insuring Agreement, Hail Endorsement Insuring Agreement
Deferrals.
a. To facilitate tax planning, Insureds can choose in advance to defer Indemnities to the following tax year. There will be no recourse to defer payment once a payment has been issued. Deferred Indemnities will not be applied to outstanding Premiums/balances until the deferred date and interest will continue to accrue.
Appears in 20 contracts
Sources: Hail Endorsement Insuring Agreement, Processing Vegetable Insuring Agreement, Silage Greenfeed Insuring Agreement
Deferrals. To facilitate tax planning, Insureds can choose in advance to defer Indemnities indemnities to the following tax year. There will be no recourse to defer payment once a payment has been issued. Deferred Indemnities indemnities will not be applied to outstanding Premiums/balances until the deferred date and interest will continue to accrue.
Appears in 3 contracts
Sources: Export Timothy Hay Insuring Agreement, Satellite Yield Insuring Agreement, Moisture Deficiency Insuring Agreement
Deferrals. To facilitate tax planning, Insureds can choose in advance to defer Indemnities to the following tax year. There will be no recourse to defer payment once a payment has been issued. Deferred Indemnities will not be applied to outstanding Premiums/balances until the deferred date and interest will continue to accrue. The Insured must notify their branch to defer an Indemnity prior to Indemnities being issued.
Appears in 3 contracts
Sources: Agriinsurance Products, Silage/Greenfeed Insuring Agreement, Silage/Greenfeed Insuring Agreement Lack of Moisture
Deferrals. To facilitate tax planning, Insureds can choose in advance to defer Indemnities to the following tax year. There will be no recourse to defer payment once a payment has been issued. Deferred Indemnities will not be applied to outstanding Premiums/balances until the deferred date and interest will continue to accrue. As Indemnities are calculated and processed without an inspection, the Insured must notify AFSC to defer an Indemnity prior to Indemnities being issued.
Appears in 2 contracts
Sources: New Crops Insurance Initiative Insuring Agreement, New Crops Insurance Initiative Insuring Agreement
Deferrals.
a. To facilitate tax planning, Insureds can choose in advance to defer Indemnities to the following tax year. There will be no recourse to defer payment once a payment has been issued. Deferred Indemnities will not be applied to outstanding Premiums/balances until the deferred date and interest will continue to accrue.. CARRYOVER INVENTORY AND UNINSURED PRODUCTION
Appears in 1 contract
Sources: Hay Insuring Agreement
Deferrals. To facilitate tax planning, Insureds can choose in advance to defer Indemnities indemnities to the following tax year. There will be no recourse to defer payment once a payment has been issued. Deferred Indemnities indemnities will not be applied to outstanding Premiums/balances until the deferred date and interest will continue to accrue.
Appears in 1 contract
Sources: Hay Insuring Agreement