Final answer:
Crop/Hail Insurance D) covers only one (1) growing season and provides protection against the peril of hail for agricultural crops.
Step-by-step explanation:
The statement that is true about Crop/Hail Insurance is that it covers only one (1) growing season.
Crop/Hail Insurance is a type of insurance that provides coverage for agricultural crops against perils such as hail, wind, fire, and lightning. However, it does not cover all perils, but specifically only the peril of hail. This insurance is designed to protect farmers from crop damage caused by hailstorms during the growing season, which is critical for their livelihood and income.
Unlike other types of insurance, Crop/Hail Insurance is not reinsured by the federal government and is often offered by private insurance companies. It may also have a deductible that needs to be paid by the farmer before any coverage is provided.