50.33—Entities that do not share profits and losses with private sector insurers.
(a) Treatment.
A State residual
market insurance entity or a State workers'
compensation fund that does not share profits and
losses with a private sector insurer is deemed to
be a separate insurer under the Program.
(b) Premium calculation.
A State
residual market insurance entity or a State
workers' compensation fund that is deemed to be a
separate insurer should follow the guidelines
specified in § 50.5(d)(1) or 50.5(d)(2) for the
purposes of calculating the appropriate measure of
direct earned premium.