Code of Federal Regulations (Last Updated: February 15, 2024) |
Title 31 - Money and Finance: Treasury |
Subtitle A - Office of the Secretary of the Treasury |
Part 50 - Terrorism Risk Insurance Program |
Subpart D - State Residual Market Insurance Entities; Workers' Compensation Funds |
§ 50.30 - General participation requirements.
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§ 50.30 General participation requirements.
(a) Insurers. As defined in § 50.4(o), all state residual market insurance entities and state workers' compensation funds are insurers under the Program even if such entities do not receive direct earned premiums.
(b) Mandatory participation. State residual market insurance entities and State workers' compensation funds are mandatory participants in the Program subject to the rules issued in this Subpart.
(c) Identification. Treasury maintains a list of state residual market insurance entities and state workers' compensation funds at https://wwwhome.treasury.gov/resourcepolicy-centerissues/fin-mkts/Pages/program.aspx.financial-markets-financial-institutions-and-fiscal-service/federal-insurance-office/terrorism-risk-insurance-program. Procedures for providing comments and updates to that list are posted with the list.
[81 FR 93765, Dec. 21, 2016, as amended at 86 FR 30540, June 9, 2021]