50.35—Entities that share profits and losses with private sector insurers.
(a) Treatment.
A State residual
market insurance entity or a State workers'
compensation fund that shares profits and losses
with a private sector insurer is not deemed to be
a separate insurer under the Program.
(b) Premium and loss calculation.
A State residual market insurance entity or a
State workers' compensation fund that is not
deemed to be a separate insurer should continue to
report, in accordance with normal business
practices, to each participant insurer its share
of premium income and insured losses, which shall
then be included respectively in the participant
insurer's direct earned premium or insured loss
calculations.