50.90—Cap on annual liability.
Pursuant to Section 103 of the Act, if the
aggregate insured losses exceed $100,000,000,000
during any Program Year:
(a)
The Secretary shall not make any payment
for any portion of the amount of such losses that
exceeds $100,000,000,000;
(b)
No insurer that has met its insurer
deductible shall be liable for the payment of any
portion of the amount of such losses that exceeds
$100,000,000,000; and
(c)
The Secretary shall determine the pro rata share of insured losses to be paid
by each insurer that incurs insured losses under
the Program.