Which of the following statements about Crop-Hail insurance is FALSE?

Crop-Hail insurance is a specialized type of insurance designed to protect farmers from losses due to hail and other specific perils that can impact crop yields. The statement regarding its subsidization by the Federal Crop Insurance Corporation (FCIC) is not accurate, as Crop-Hail insurance is typically provided by private insurers rather than being subsidized by government programs like many other forms of crop insurance.

The insurance itself is structured to cover damages not only from hail but also from other risks, and it is rated based on the number of acres insured. Thus, the correct understanding of Crop-Hail insurance reveals that it operates independently of FCIC subsidies and is primarily offered through private entities, ensuring that farmers can choose from various coverage options suited to their specific needs.