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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 48 - Federal Acquisition Regulations System |
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Chapter 21 - Office of Personnel Management, Federal Employees Group Life Insurance Federal Acquisition Regulation |
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SubChapter E - General Contracting Requirements |
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Part 2131 - Contract Cost Principles and Procedures |
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Subpart 2131.2 - Contracts With Commercial Organizations |
§ 2131.205-71 - Reinsurer administrative expense costs.
Latest version.
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2131.205-71 Reinsurer administrative expense costs.
A charge of $500 per policy year per reinsurer of the FEGLI Program as set forth in the contract is an allowable cost when documented through an internal accounting entry of the contractor and actually paid. This amount is deemed to be sufficient to reimburse reinsurers for the minor administrative expenses incurred in reinsuring the FEGLI Program.