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<br />requirements <br />associate, or <br /> <br />and other insurers which meet the <br />prescribed under subsection (b) to form, <br />otherwise join together in a pool-- <br /> <br />(1) in order to provide the flood insurance <br />coverage authorized under chapter I; and <br /> <br />(2) for the purpose of assuming, on such terms and <br />conditions as may be agreed upon, such financial <br />r~sponsibility as will enable such companies and other <br />insurers, with the Federal financial and other <br />assis'tance available under this title, to assure a <br />reasonable proportion of responsibility for the <br />adjustment and payment of claims for losses under the <br />flood insurance program. <br /> <br />(b) In order to promote the effective administration <br />of the flood insurance program under this part, and to <br />assure that the objectives of this title are furthered, <br />the Director is authorized to prescribe appropriate <br />requirements for insurance companies and other insurers <br />participating in such pool including, but not limited <br />to, minimum requirements for capital or surplus or <br />assets. <br /> <br />AGREEMENTS WITH FLOOD INSURANCE POOL <br /> <br />Sec. 1332. (a) The Director is authorized to enter <br />into such agreements with the pool formed or otherwise <br />created under this part as he deems necessary to carry <br />out the purposes of this title. <br /> <br />(b) Such agreements shall specify-- <br /> <br />(1) the terms and conditions under which risk <br />capital will be available for the adjustment and payment <br />of claims, <br /> <br />(2) the terms and conditions under which the pool <br />(and the companies and other insurers participating <br />therein) shall participate in premiums received and <br />profits or losses realized or sustained, <br /> <br />(3) the maximum amount of profit, established by <br />the Director and set forth in the schedules prescribed <br />under section 1311, which may be realized by such pool <br />(and the companies and other insurers participating <br />therein) , <br /> <br />(4) the terms and conditions under which operating <br />costs and allowances set forth in the schedules <br />prescribed under section 1311 may be paid, and <br /> <br />45 <br /> <br />42 use <br />4052 <br />