31 CFR 50.72 - Establishment of Federal Terrorism Policy Surcharge.

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There is 1 rule appearing in the Federal Register for 31 CFR Part 50. View below or at eCFR (GPOAccess)
§ 50.72 Establishment of Federal Terrorism Policy Surcharge.
(a) Treasury will establish the Federal Terrorism Policy Surcharge based on the following factors and considerations:
(1) In the case of a mandatory recoupment amount, the requirement to collect 133 percent of that amount;
(2) The total dollar amount to be recouped as a percentage of the latest available annual aggregate industry direct written premium information;
(3) The adjustment factors for terrorism loss risk-spreading premiums described in section 103(e)(8)(D) of the Act;
(4) The annual 3 percent limitation on terrorism loss risk-spreading premiums collected on a discretionary basis as provided in section 103(e)(8)(C) of the Act;
(5) A preferred minimum initial assessment period of one full year and subsequent extension periods in full year increments;
(6) The collection timing requirements of section 103(e)(7)(E) of the Act;
(7) The likelihood that the amount of the Federal Terrorism Policy Surcharge may result in the collection of an aggregate recoupment amount in excess of the planned recoupment amount; and
(8) Such other factors as the Secretary considers important.
(b) The Federal Terrorism Policy Surcharge shall be the obligation of the policyholder and is payable to the insurer with the premium for a property and casualty insurance policy in effect during the assessment period established by Treasury. See§ 50.74(c).

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 Part 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