2392
HR 3590 EAS/PP
2012 .............................................................................
$4,000,000,000
2013 .............................................................................
$7,000,000,000
2014, 2015 and 2016 ..................................................
$9,000,000,000
2017 and thereafter ....................................................
$10,000,000,000.''.
(c) E
XEMPTION
F
ROM
A
NNUAL
F
EE ON
H
EALTH
I
N
-
1
SURANCE FOR
C
ERTAIN
N
ONPROFIT
E
NTITIES
.--Section
2
9010(c)(2) of this Act is amended by striking ``or'' at the
3
end of subparagraph (A), by striking the period at the end
4
of subparagraph (B) and inserting a comma, and by add-
5
ing at the end the following new subparagraphs:
6
``(C) any entity--
7
``(i)(I) which is incorporated as, is a
8
wholly owned subsidiary of, or is a wholly
9
owned affiliate of, a nonprofit corporation
10
under a State law, or
11
``(II) which is described in section
12
501(c)(4) of the Internal Revenue Code of
13
1986 and the activities of which consist of
14
providing commercial-type insurance (with-
15
in the meaning of section 501(m) of such
16
Code),
17
``(ii) the premium rate increases of
18
which are regulated by a State authority,
19
``(iii) which, as of the date of the en-
20
actment of this section, acts as the insurer
21
of last resort in the State and is subject to
22
State guarantee issue requirements, and
23
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