C.F.R. » Title 31 » PART 50—TERRORISM RISK INSURANCE PROGRAM › Subpart D—State Residual Market Insurance Entities; State Workers' Compensation Funds

31 C.F.R. § 50.31

Entities that do not share profits and losses with private sector insurers

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(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 § 50.4(h)(1) or (2) for the purposes of calculating the appropriate measure of direct earned premium.