50.73—Notification of recoupment.
(a)
Treasury will provide notifications of
recoupment through publication of notices in the
Federal Register or in another
manner Treasury deems appropriate, based upon the
circumstances of the act of terrorism under
consideration.
(b)
Treasury will provide reasonable advance
notice to insurers of any initial Federal
Terrorism Policy Surcharge effective date. This
effective date shall be January 1, unless such
date would not provide for sufficient notice of
implementation while meeting the collection timing
requirements of section 103(e)(7)(E) of the
Act.
(c)
Treasury will provide reasonable advance
notice to insurers of any modification or
cessation of the Federal Terrorism Policy
Surcharge.
(d)
Treasury will provide notification to
insurers annually as to the continuation of the
Federal Terrorism Policy Surcharge.