In order to qualify as an “insurer,” an entity must have the appropriate license or approval, as well as receive direct earned premium from “property and casualty insurance.” Beyond serving as criteria for admission to the program, the concept of property and casualty insurance is essential to the operation of the “make available” requirement, calculation of backstop payments, and imposition of post-event surcharges.

The Act sets forth broad descriptions of the categories of insurance subject to the program. Treasury has mapped those categories into the traditional lines of business insurers report to their regulatory authorities, subject to a number of exceptions and special rules.

4.1 – Categories of Insurance

4.2 – Statutory Lines of Insurance

4.3 – Deviations from the Statutory Lines

4.4 – Policies, Processes and Controls