31 C.F.R. § 50.33 Entities that do not share profits and losses with private sector insurers.
Title 31 - Money and Finance: Treasury
(a) Treatment. A State residual market insurance entity or a State workers' compensation fund that does not share profits and losses with a private sector insurer is deemed to be a separate insurer under the Program. (b) Premium calculation. A State residual market insurance entity or a State workers' compensation fund that is deemed to be a separate insurer should follow the guidelines specified in §50.5(d)(1) or 50.5(d)(2) for the purposes of calculating the appropriate measure of direct earned premium. [68 FR 59720, Oct. 17, 2003]
Title 31: Money and Finance: Treasury
PART 50—TERRORISM RISK INSURANCE PROGRAM
Subpart D—State Residual Market Insurance Entities; Workers' Compensation Funds
§ 50.33 Entities that do not share profits and losses with private sector insurers.
