Rolnictwo i żywność · 18.10.1994

General Administrative Regulations; Collection and Storage of Social Security Account Numbers and Employer Identification Numbers

The Federal Crop Insurance Corporation (FCIC) hereby amends the substantial beneficial interest requirements set for any individual who has an interest in the policyholder. Current provisions require an individual who has a five percent or more interest in the policyholder to submit a social security or employer identification number. FCIC amends this provision by redefining and liberalizing substantial beneficial interest as ten percent or more interest in the policyholder. In addition, FCIC reduces, from five years to three years, the record retention requirements imposed by this regulation.