---
kind: "section"
citation: "31 C.F.R. § 50.1"
title: "31"
number: "50.1"
heading: "Authority, purpose, and scope."
url: "https://uscodex.org/cfr/31/50.1"
---

# §50.1. Authority, purpose, and scope.

- (a) **Authority.** This part is issued pursuant to authority in Title I of the Terrorism Risk Insurance Act of 2002, Public Law 107-297, 116 Stat. 2322, as amended by the Terrorism Risk Insurance Extension Act of 2005, Public Law 109-144, 119 Stat. 2660, the Terrorism Risk Insurance Program Reauthorization Act of 2007, Public Law 110-160, 121 Stat. 1839, the Terrorism Risk Insurance Program Reauthorization Act of 2015, Public Law 114-1, 129 Stat. 3, and the Terrorism Risk Insurance Program Reauthorization Act of 2019, Public Law 116-94, 133 Stat. 2534.
- (b) **Purpose.** This part contains rules prescribed by the Department of the Treasury to implement and administer the Terrorism Risk Insurance Program.
- (c) **Scope.** This part applies to insurers subject to the Act and their policyholders and claimants.

## Notes

### Amendments

[81 FR 93765, Dec. 21, 2016, as amended at 86 FR 30540, June 9, 2021]

### Authority

Authority: 5 U.S.C. 301; 31 U.S.C. 321; Title I, Pub. L. 107-297, 116 Stat. 2322, as amended by Pub. L. 109-144, 119 Stat. 2660, Pub. L. 110-160, 121 Stat. 1839, Pub. L. 114-1, 129 Stat. 3, and Pub. L. 116-94, 133 Stat. 2534 (15 U.S.C. 6701 note); Pub. L. 114-74, 129 Stat. 601, Title VII (28 U.S.C. 2461 note).

### Source

Source: 81 FR 93765, Dec. 21, 2016, unless otherwise noted.

### Amendments

[81 FR 93765, Dec. 21, 2016, as amended at 86 FR 30540, June 9, 2021]