31 CFR 50.31
§ 50.31 Entities that do not share profits and losses with private sector insurers.
United States · 31 CFR — Money and Finance: Treasury · Status: effective
Cite this
- Citation
- 31 CFR 50.31, § 50.31 Entities that do not share profits and losses with private sector insurers, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/139152
- Permanent ID
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Full text
(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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.