Sec. 106. TECHNICAL AMENDMENTS
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## SEC. 106 TECHNICAL AMENDMENTS The Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended— ####
(1)**[**[15 U.S.C. 6701 note](/us/usc/t15/s6701)**]** in section 102— #####
(A)in paragraph (3)— ######
(i)by redesignating subparagraphs (A), (B), and
(C)as clauses (i), (ii), and (iii), respectively; ######
(ii)in the matter preceding clause
(i)(as so redesignated), by striking “ An entity has ” and inserting the following: > > ##### “(A) In general > > An entity has” > ; and ######
(iii)by adding at the end the following new subparagraph: > > ##### “(B) Rule of construction > > An entity, including any affiliate thereof, does not have ‘control’ over another entity, if, as of the date of enactment of the Terrorism Risk Insurance Program Reauthorization Act of 2015, the entity is acting as an attorney-in-fact, as defined by the Secretary, for the other entity and such other entity is a reciprocal insurer, provided that the entity is not, for reasons other than the attorney-in-fact relationship, defined as having ‘control’ under subparagraph (A).” > ; #####
(B)in paragraph (7)— ######
(i)by striking subparagraphs
(A)through
(F)and inserting the following: > > ##### “(A) > > the value of an insurer’s direct earned premiums during the immediately preceding calendar year, multiplied by 20 percent; and” > ; ######
(ii)by redesignating subparagraph
(G)as subparagraph (B); and ######
(iii)in subparagraph (B), as so redesignated by clause (ii)— ######
(I)by striking “notwithstanding subparagraphs
(A)through (F), for the Transition Period or any Program Year” and inserting “notwithstanding subparagraph (A), for any calendar year”; and ######
(II)by striking “Period or Program Year” and inserting “calendar year”; #####
(C)by striking paragraph (11); and #####
(D)by redesignating paragraphs
(12)through
(16)as paragraphs
(11)through (15), respectively; and ####
(2)**[**[15 U.S.C. 6701 note](/us/usc/t15/s6701)**]** in section 103— #####
(A)in subsection (b)(2)— ######
(i)in subparagraph (B), by striking “, purchase,”; and ######
(ii)in subparagraph (C), by striking “, purchase,”; #####
(B)in subsection (c), by striking “Program Year” and inserting “calendar year”; #####
(C)in subsection (e)— ######
(i)in paragraph (1)(A), as previously amended by section 102— ######
(I)by striking “the Transition Period and each Program Year through Program Year 4 shall be equal to 90 percent, and during Program Year 5 and each Program Year thereafter” and inserting “each calendar year”; ######
(II)by striking the comma after “80 percent”; and ######
(III)by striking “such Transition Period or such Program Year” and inserting “such calendar year”; ######
(ii)in paragraph (2)(A), by striking “the period beginning on the first day of the Transition Period and ending on the last day of Program Year 1, or during any Program Year thereafter” and inserting “a calendar year”; and ######
(iii)in paragraph (3), by striking “the period beginning on the first day of the Transition Period and ending on the last day of Program Year 1, or during any other Program Year” and inserting “any calendar year”; and #####
(D)in subsection (g)(2)— ######
(i)by striking “the Transition Period or a Program Year” each place that term appears and inserting “the calendar year”; ######
(ii)by striking “such period” and inserting “the calendar year”; and ######
(iii)by striking “that period” and inserting “the calendar year”.
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Sec. 106
TECHNICAL AMENDMENTS
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