ALERT

Holiday closure

All AFSC offices, including the LPI Client Contact Centre, will be closed from December 24 at 2 p.m. through January 1, 2025. We will reopen January 2, 2025. Last day for Claim Request – December 16, 2024 Last day of expiring policies – December 23, 2024 (statements and any indemnity processing on January 8, 2025) First day for Claim Request – January 13, 2025 (Fed, Feeder-AB), January 20, 2025 (Feeder-SaskMan, Calf-AB, Calf-SaskMan) Last day for Purchase – December 19, 2024 First day for Purchase – January 14, 2025 (Fed, Feeder-AB, Hog), January 21, 2025 (Feeder-SaskMan)

Home / FAQs / All producer premiums go into a general fund to pay indemnities. What happens if the payout for indemnities exceeds what is in this fund?

Frequently Asked Questions

All producer premiums go into a general fund to pay indemnities. What happens if the payout for indemnities exceeds what is in this fund?

January 19, 2021

If the fund goes into a deficit position, the Government of Canada and indemnity from a reinsurance policy will cover the program. Existing policies will be honoured even in the case of a border closure or similar catastrophic market event.