H.R. 827IntroducedHouse · nowSenatePresidentLawIn committeeSec. 302 · H.R. 827
Contract principles
Title III — Reinsurance coverage for eligible State programs
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Contracts for reinsurance coverage made available under this title— (1) shall be priced on an actuarially sound basis; (2) shall minimize the administrative costs of the Federal Government; and (3) shall provide coverage based solely on insured losses covered by the eligible State program purchasing the contract.