• Login
  • Calendar
  • News
  • FAQs
  • Contact Us
Livestock Price Insurance
  • About
    • About
  • Cattle
    • Cattle
    • About LPI – Cattle
    • LPI – CALF
    • LPI – FEEDER
    • LPI – FED
    • Fed Cattle Price Reporting
  • Hog
    • Hog
    • LPI – HOG
  • Apply Now
    • Apply Now
    • LPI Forms
      • Alberta Forms
      • British Columbia Forms
      • Manitoba Forms
      • Saskatchewan Forms
    • Need Help?
  • Premiums & Settlements
    • Premium/Settlement Information
    • Understanding Premiums and Settlements
    • Sign up for Premium/Settlement Emails
  • Resources
    • Resources
    • LPI Program Guide
    • LPI Market Information
    • LPI Policy Work Pad
    • Glossary

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.

  • British Columbia
  • Alberta Government
  • Manitoba
  • Canada

© 2025 Livestock Price Insurance | Privacy Statement | Disclaimer | Electronic Access Agreement | Sitemap