5 U.S.C. § 8710: Reinsurance

The Office of Personnel Management shall arrange with a company issuing a policy under this chapter for the reinsurance, under conditions approved by the Office, of portions of the total amount of insurance under the policy, determined under this section, with other life insurance companies which elect to participate in the reinsurance. The Office shall determine for and in advance of a policy year which companies are eligible to participate as reinsurers and the amount of insurance under a policy which is to be allocated to the issuing company and to reinsurers. The Office shall make this determination at least every 3 years and when a participating company withdraws. 25 percent of the first $100,000,000 of the excess; 50 percent of the second $100,000,000 of the excess; 75 percent of the third $100,000,000 of the excess; and 95 percent of the remaining excess. licensed to transact life insurance under the laws of a State or the District of Columbia; and engaged in issuing insurance certificates on the lives of employees of the United States exclusively; An issuing company or reinsurer is entitled, as a minimum, to be allocated an amount of insurance under the policy equal to any reduction from December 31, 1953 , to the determination date, in the amount of the company’s group life insurance under policies issued to associations of employees of the United States. However, any increase under this subsection in the amount allocated is reduced by the amount in force on the determination date of any policy covering life insurance agreements assumed by the Office. The Office may modify the computations under this section as necessary to carry out the intent of this section.