31 CFR 50.90 - Cap on annual liability.

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§ 50.90 Cap on annual liability.
Pursuant to Section 103 of the Act, if the aggregate insured losses exceed $100,000,000,000 during any Program Year:
(a) The Secretary shall not make any payment for any portion of the amount of such losses that exceeds $100,000,000,000;
(b) No insurer that has met its insurer deductible shall be liable for the payment of any portion of the amount of such losses that exceeds $100,000,000,000; and
(c) The Secretary shall determine the pro rata share of insured losses to be paid by each insurer that incurs insured losses under the Program.

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