applicable reinsurance entity
Defined in 1 place of the United States Code.
The term “applicable reinsurance entity” means a not-for-profit organization—
(A) the purpose of which is to help stabilize premiums for coverage in the individual market in a State during the first 3 years of operation of an Exchange for such markets within the State when the risk of adverse selection related to new rating rules and market changes is greatest; and
(B) the duties of which shall be to carry out the reinsurance program under this section by coordinating the funding and operation of the risk-spreading mechanisms designed to implement the reinsurance program.
Source
- 2010–present42 U.S.C. § 18061The Public Health and Welfare · Transitional reinsurance program for individual market in each State · for purposes of this section