### Question
What is the definition of loss ratio?


### Answer
The definition of **loss ratio** is as follows in *7 U.S.C. § 1502*:

> the ratio of all sums paid by the Corporation as indemnities under any eligible crop insurance policy to that portion of the premium designated for anticipated losses and a reasonable reserve, other than that portion of the premium designated for operating and administrative expenses

#### Citation:
  - *7 U.S.C. § 1502*
  - Heading: **CHAPTER 36-CROP INSURANCE > SUBCHAPTER I-FEDERAL CROP INSURANCE**

