Mandatory Recoupment Amount Law and Legal Definition
Mandatory recoupment amount means “the difference between the insurance marketplace aggregate retention amount for a Program Year and the uncompensated insured losses during such Program Year. The mandatory recoupment amount shall be zero, however, if the amount of such uncompensated insured losses is greater than the insurance marketplace aggregate retention amount.” [31 CFR 50.5; Title 31-Money And Finance: Treasury; Subtitle A-Office Of The Secretary Of The Treasury; Part 50-Terrorism Risk Insurance Program; Subpart A-General Provisions]
Legal Definition list
- Mandatory Parole
- Mandatory Minimum Sentencing
- Mandatory Minimum Sentence
- Mandatory Joinder
- Mandatory Injunction
- Mandatory Recoupment Amount
- Mandatory Removal Offense [ Administrative Personnel]
- Mandatory Removal Panel [Administrative Personnel]
- Mandatory Rule
- Mandatory Sentence
- Mandatory Settlement Conference
