Who must sign the crop hail policy for it to be valid?

For a crop hail policy to be valid, it is essential that both the producer and the insured sign the policy. The producer is typically the individual or entity that is growing the crops and seeking insurance coverage, while the insured refers to the person or entity that holds the policy and benefits from it in case of a hail event. Their signatures represent mutual agreement to the terms of the policy and indicate that both parties acknowledge and accept the coverage details and potential risks outlined within.

In relation to the other options, while the bank may be involved if there is financing for the agricultural operation, they do not have a direct role in the validation of the crop hail policy itself. Similarly, the role of a crop advisor, while valuable for guidance in managing risks, does not include signing insurance contracts. Lastly, the underwriter is responsible for assessing the risk and determining policy terms but is not a party that needs to sign off on the validity of the policy alongside the producer. Only the signatures of the producer and the insured are necessary to ensure that the agreement is legally binding and recognized as valid.