Sec. 107. Increase of aggregate retention amount; mandatory recoupment
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Paragraph
(6)of section 103(e) ( 15 U.S.C. 6701 note) is amended— in subparagraph (D)(ii), by striking and at the end; in subparagraph (E)— in the matter preceding clause (i), by inserting through the Program Year ending on December 31, 2015 before the comma; and in clause (ii), by striking the period at the end and inserting ; and ; and by adding at the end the following new subparagraph: for the Program Year beginning January 1, 2016, and each Program Year thereafter, the lesser of— the amount that is equal to the sum of the insurer deductibles for the Program Year for all insurers participating in the Program; and the aggregate amount, for all insurers, of insured losses during such Program Year. . Paragraph
(7)of section 103(e) ( 15 U.S.C. 6701 note) is amended— by striking subparagraphs
(A)and
(B)and inserting the following new subparagraph: For purposes of this paragraph, the mandatory recoupment amount for each of the periods referred to in subparagraphs
(A)through
(F)of paragraph
(6)shall be equal to the lesser of— the aggregate amount, for all insurers, of insured losses during such period that are compensated by the Federal Government pursuant to paragraph (1); or the insurance marketplace aggregate retention amount under paragraph
(6)for such period. ; in subparagraph (E)(i)(III), by striking after January 1, 2012 and inserting before December 31, 2014 ; and by redesignating subparagraphs (C), (D),
(E)(as so amended), and
(F)as subparagraphs (B), (C), (D), and (E), respectively. Section 103(e) ( 15 U.S.C. 6701 note) is amended in paragraph (7)(D)(i), as so redesignated by paragraph (1)(C) of this subsection, by striking subparagraph
(C)and inserting subparagraph
(B).
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Sec. 107
Increase of aggregate retention amount; mandatory recoupment
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