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TREAS/DO RIN: 1505-AB10 Publication ID: Fall 2008 
Title: Terrorism Risk Insurance Program; Recoupment of Federal Share of Compensation for Insured Losses 
Abstract: As the statutorily authorized administrator of the Terrorism Risk Insurance Program, Treasury is issuing proposed and final regulations to implement the Program. Under the Terrorism Risk Insurance Act of 2002, (Pub. L. 107-297) as amended, the Federal Government shares the risk of insured losses from certified acts of terrorism with commercial property and casualty insurers. This rule incorporates and clarifies statutory requirements for the recoupment of the Federal share of compensation for insured losses. The rule establishes requirements for determining amounts to be recouped and for procedures insurers are to use for collecting terrorism policy surcharges and remitting them to the Treasury. 
Agency: Department of the Treasury(TREAS)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 31 CFR 50   
Legal Authority: 5 USC 301    Terrorism Risk Insurance Act of 2002, title I, PL 107-297, 116 Stat 2322    Terrorism Risk Insurance Extension Act of 2005, PL 109-144, 119 Stat 2660    Terrorism Risk Insurance Program Reauthorization Act of 2007, PL 110-160, 121 Stat. 1839   
Legal Deadline:
Action Source Description Date
NPRM  Statutory  Contained in Section 103(e)(7)(E)(ii) of the Act as amended. Regulations by 180 days after date of enactment (December 26, 2007).  06/26/2008 
Timetable:
Action Date FR Cite
NPRM  07/17/2008  73 FR 53798   
NPRM Comment Period End  10/17/2008    
Final Rule  02/00/2009    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Howard Leikin
Deputy Director
Department of the Treasury
Departmental Offices
Office of Financial Institutions, Terrorism Risk Insurance Program, 1425 New York Avenue NW.,
Washington, DC 20220
Phone:202 622-6770
Email: howard.leikin@do.treas.gov