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436

RULES AND REGULATIONS

market value of such beans per cwt. net shall the Corporation or any officer, em the farm with the right to plant the bean weight, as determined by the Corporaployee, or representative thereof, be a crop as his heir or heirs, administrator, . tion.
proper party to any suit or action with executor, guardian, committee or con f In Goshen County, Wyoming, the reference to such indemnity, nor be servator, shall be substituted for the production determined in accordance bound by any judgment, order, or decree original applicant or the insured upon with the production schedule appearing rendered or entered therein. No officer, filing with the county office within 15
in section 15 of the policy shall be multi agent, or employee of the Corporation days unless such period is extended in plied by the applicable price in the fol shall, because of any siich process, order, writing by the Corporation after the lowing price schedule:
or decree, pay or cause to be paid to any date of such death, judicial declaration, person other than the insured or other or before the date of the beginning of Per cwt., net weight person entitled to the benefits of the con planting of the bean crop, whichever tract, any indemnity payable in accord is earlier, a statement in writing in the Great Northern Pinto beans ance with the provisins of the contract. form and manner prescribed by the Cor beans Nothing herein contained shall excuse poration, requesting such substitution any person entitled to the benefits of the and agreeing to assume the obligations $7.05
$7.55
contract from full compliance with, or of the original applicant arising out of -TT. 8. N o 1
6.95
7.45
performance of, any lawful judgment, such application or the contract. If no TT. S. N o . 2 ___________ _
7.30
6.80
U. S. No. 3
7.05
order, or decree with respect to the dis such statement is filed, as required by position of any sums paid thereunder as this paragraph, the original application G reat N o r t h e r n B e a n s or contract shall be void?
an indemnity.
The insured may be deemed to b The determination of the Corpo d Percent of pick:
Percent of pick:
ration as to the existence or nonexistence have disappeared within the meaning of 5__________ $6. 65
18_____. _ _ $5.45
6 _____ ____ 6.50
1 4 ________ 5.30
of a circumstance in the event of which this subpart if he fails to file with the 7____ _____ 6.35
15_________ 5.15
indemnity payment may be made and of county office written notice of his new 8_____ ____ 6.20
16____ ____ 5.00
the person s to whom such payment mailing address within 180 calendar days 17____
9 ___ _____ 6.05
4.85
will be made shall be final and conclu after any communication by or on behalf 10_________ 5.90
18_________ 4.70
sive, and payment of an indemhity to of the Corporation is returned undeliv 19_________ 4.55
11 .____ 5.75
such person s shall constitute a com erable at the last known address of the 12 _________ 5.60
20_________ 4.40
plete discharge of the Corporations ob insured.
In the case of Great Northern beans, ligation with respect to the loss for which 421.10 Fiduciaries. Any indemnity if the pick exceeds 20 percent, the appli such indemnity is paid and settled and cable price to be used in determining shall be bar to recovery by any other payable under a contract entered into in the name of a fiduciary who is no the value of production shall be the lesser person.
longer acting in such capacity at the of $4.40 or the local market value of 421.8 Public notice of indemnities time for the payment of indemnity, will such beans per cwt. net weight, as deter paid. The Corporation shall provide for be made to the succeeding fiduciary upon mined by the Corporation.
In the case of Pinto beans, if the beans the posting in each county at the county appropriate application and proof satis grade U. S. Substandard or U. S. Sample, courthouse of a list of indemnities paid factory to the Corporation of his incum bency. If there is no succeeding fidu the applicable price to be used in deter for losses on farms in such county.
ciary, payment of the indemnity shall mining the value of production shall be 421.9 Death, incompetence, or dis be made to the persons beneficially en the lesser of $7.05 or the local market appearance of insured, a If the in value of such beans per cwt. net weight, sured dies, is judicially declared in titled under this subpart to the insured interest in the bean crop to the extent as determined by the Corporation.
competent, or disappears after the plant g In Elbert County, Colorado, and ing of the bean crop but before the time of their respective interest, upon proper "Torrance County, New Mexico, the pro of loss, and his insured interest in the application and proof of the facts: Pro duction determined in accordance with bean crop is a part of his estate at such vided, however, That the settlement may the production schedule appearing in time, or if the insured dies, is judicially be made with any one or more of the section 15 of the policy shall be multi declared incompetent, or disappears persons in behalf of all the persons so plied by the applicable price in the fol subsequent to such time, the indemnity, entitled, whether or not the person to whom payment is made has been author lowing price schedule :
if any, shall be paid to the legal repre ized by the other interested persons to sentative of his estate, if one is appointed receive such payment.
P in t o B eans or is duly qualified. If no such repre Per cwt., net weight. Base price $7.40
421.11 Assignment or transfer of sentative is or will be so qualified, the U. S. No. 1 . $7.30
indemnity shall be paid to the persons claims for refunds of excess note pay U. S. No. 2_______ _________________ 7.15
beneficially entitled to share in the in ments not permitted. No claim for a U. S. No. 3___ _____ _______________ 6.90
sured interest in the bean crop or to refund of an excess note payment or any If the beans grade U. S. Substandard any one or more of such persons on be part thereof, or any interest therein, shall or U. S. Sample, the applicable price to half of all such persons: Provided, how be assignable or transferable, notwith be used in determining the value of pro ever, That if the indemnity exceeds $500, standing any assignment of the contract duction shall be the lesser of $6.90 or the the Corporation may withhold the pay or any transfer of interest in the bean local market value of such beans per ment of the indemnity until a legal rep crop covered by the contract. Refund cwt. net weight, as determined by the resentative of the insureds estate is duly of any excess note payment will be made only to the person who made such pay qualified to receive such payment.
Corporation.
h In all counties the applicable price b If the insured dies, is judicially ment, except as provided in 421.12.
for appraised production shall be that declared incompetent, or disappears 421.12 Refund of excess note pay determined by the Corporation on the after the planting of the bean crop but ments in case of death, incompetence, or basis of its estimate of the applicable before the time of loss, and his insured disappearance. In any case where a grade or pick.
interest in the bean crop is not a part person v:ho is entitled to a refund of an estate at such time, the indemnity, excess note payment has died, has been 421.7 Person to whom indemnity of his any, shall be paid to the person s judicially declared incompetent, or has shall be paid, a Any indemnity pay if who succeeded to his interest in the crop disappeared, the provisions of 421.9
able under a contract shall be paid to in the manner provided for in the bean with ref erence to the payment of indem the insured or such other person as may insurance policy.
nities in any such case shall be applicable be entitled to the benefits of the contract crop c If an applicant for insurance or with respect to the making of any such under the provisions of this subpart, the insured, as the case may be, dies, notwithstanding any attachment, gar or is judicially declared incompetent less refund.
421.13 Creditors. An interest in nishment, receivership, trustee process, than 15 days before the closing date for judgment, levy, equity, or bankruptcy the filing of applications for insurance cluding an involuntary transfer in an directed against the insured or such and before the beginning of planting of insured bean crop existing by virtue of a other person, or against any indemnity the bean crop intended to be covered debt, lien, mortgage, garnishment, levy, alleged to be due to such persons ; nor by insurance, whoever succeeds him on execution, bankruptcy, or any other