31 CFR 50.52 - Initial Notice of Insured Loss.

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There is 1 rule appearing in the Federal Register for 31 CFR 50. View below or at eCFR (GPOAccess)
§ 50.52 Initial Notice of Insured Loss.
Each insurer shall submit to Treasury an Initial Notice of Insured Loss, on a form prescribed by Treasury, whenever the insurer's aggregate insured losses (including reserves for “incurred but not reported” losses) within a Program Year exceed an amount equal to 50 percent of the insurer's deductible as specified in § 50.5(g). Insurers are advised the form for the Initial Notice of Insured Loss will include an initial estimate of aggregate losses for the Program Year, the amount of the insurer deductible and an estimate of the Federal share of compensation for the insurer's aggregate insured losses. In the case of an affiliated group of insurers, the form for the Initial Notice of Insured Loss will include the name and address of a single designated insurer within the affiliated group that will serve as the single point of contact for the purpose of providing loss and compliance certifications as required in § 50.53 and for receiving, disbursing, and distributing payments of the Federal share of compensation in accordance with § 50.54. An insurer, at its option, may elect to include with its Initial Notice of Insured Loss the certification of direct earned premium required by § 50.53(b)(3).

Title 31 published on 2014-07-01

The following are only the Rules published in the Federal Register after the published date of Title 31.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

  • 2015-02-06; vol. 80 # 25 - Friday, February 6, 2015
    1. 80 FR 6656 - Interim Guidance Concerning the Terrorism Risk Insurance Program Reauthorization Act of 2015
      GPO FDSys XML | Text
      DEPARTMENT OF THE TREASURY, Departmental Offices
      Notice of interim guidance.
      February 4, 2015.
      31 CFR Part 50

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United States Code
U.S. Code: Title 15 - COMMERCE AND TRADE
U.S. Code: Title 31 - MONEY AND FINANCE

Title 31 published on 2014-07-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 31 CFR 50 after this date.

  • 2015-02-06; vol. 80 # 25 - Friday, February 6, 2015
    1. 80 FR 6656 - Interim Guidance Concerning the Terrorism Risk Insurance Program Reauthorization Act of 2015
      GPO FDSys XML | Text
      DEPARTMENT OF THE TREASURY, Departmental Offices
      Notice of interim guidance.
      February 4, 2015.
      31 CFR Part 50