31 CFR 50.32
§ 50.32 Entities that share profits and losses with private sector insurers.
United States · 31 CFR — Money and Finance: Treasury · Status: effective
Cite this
- Citation
- 31 CFR 50.32, § 50.32 Entities that share profits and losses with private sector insurers, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/139153
- Permanent ID
ys:prov:139153@1- SHA-256
f00fb750da6c5f8548e5f7df805171db7a37cd99422a3d1c2e6b600b0dab787f
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Treatment. A State residual market insurance entity or a State workers' compensation fund that shares profits and losses with a private sector insurer is deemed not to be a separate insurer under the Program.
(b) Premium and loss calculation. A state residual market insurance entity or a State workers' compensation fund that is deemed not to be a separate insurer should continue to report, in accordance with normal business practices, to each participant insurer its share of premium income and insured losses, which shall then be included respectively in the participant insurer's direct earned premium or insured loss calculations.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.