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H.R. 827IntroducedHouse · nowSenatePresidentLawIn committee
Sec. 304 · H.R. 827

Maximum Federal liability

Title III — Reinsurance coverage for eligible State programs

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(a) In general Subject to subsection (b) and notwithstanding any other provision of law, the aggregate potential liability for payment of claims under all contracts for reinsurance coverage under this title sold in any single year shall be determined by the Secretary based on review of the market for reinsurance coverage under this title. (b) Limitation The authority of the Secretary to enter into contracts for reinsurance coverage under this title shall be effective for any fiscal year only to such extent or in such amounts as are or have been provided in appropriation Acts for such fiscal year for the aggregate potential liability for payment of claims under all contracts for reinsurance coverage under this title.

Sec. 304: Maximum Federal liability · Public Law Tracker