not delegate this certification authority and his or her decision to either certify or not certify an act of terrorism is not subject to judicial review. Function TRIA created a U.S. government reinsurance facility to provide reinsurance coverage to insurance companies following a declared terrorism event. TRIA is a short-term measure designed to help the insurance market recover from 9/11 and develop solutions to insuring terrorism. TRIA established the Federal Terrorism Insurance Program to administer a system of shared public/private compensation for insured losses resulting from acts of terrorism in order to protect consumers and create transitional period for private insurance markets to stabilize Structure of assistance Eligibility of Insurers: An eligible insurer is any entity or affiliate that: -Is a recipient of direct earned premiums for any type of commercial property and casualty insurance coverage; -Is licensed (or admitted) to provide insurance in any State, approved for the purpose of offering property and casualty insurance by a Federal agency in connection with maritime, energy, or aviation activity, or is a State residual market insurance entity or State workers' compensation fund -And meets any other criteria that the Secretary may reasonably prescribe. Program Trigger: Program is triggered following occurrence of event determined by Secretary of the Treasury, Secretary of Homeland Security, and the U.S. Attorney General to be act of terrorism. Losses from the act must exceed $50 million in 2006, $100 million in 2007, $120 million in 2016, $140 million in 2017, $160 million in 2018, $180 million in 2019, and $200 million with respect to losses occurring in calendar year 2020 and any calendar year thereafter (15 U.S.C. §6701 note, §103(e)(1)(B)). Individual Company Trigger (or Deductible): Trigger or deductible for individual company is 17.5 percent of premiums in 2006 and 20% in 2007. Industry-wide Retention: The industry as a whole must cover a certain amount of the losses before federal assistance is available. This amount rises from $15 billion in 2005 to $25 billion in 2006 and rises again in 2007 to $27.5 billion. The difference between this amount and the aggregate amount that insurers must pay (deductibles and co-payments) can be recouped from commercial policyholders through a surcharge not to exceed 3 percent of premium for insurance coverages that fall under the TRIEA program. This reinsurance takes the form of a 90 percent quota share in excess of variable deductibles based upon a percentage of earned premium