31 C.F.R. · Money and Finance: Treasury
31 C.F.R. § 50.110

Cap on annual liability.

Title 31 C.F.R. ● ACTIVE Primary Source
Regulatory Text

31 C.F.R. § 50.110 — Cap on annual liability.

§ 50.110 Cap on annual liability. Pursuant to section 103 of the Act, if the aggregate insured losses exceed $100,000,000,000 during a calendar 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) An insurer that has met its insurer deductible shall not 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.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR31-SEC-DB3D72
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31 C.F.R. § 50.110
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The regulatory text of 31 C.F.R. § 50.110 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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boisestandard.org United States Law CFR Title 31 31 C.F.R. § 50.110