; (ii) not licensed or admitted as described in clause (i), if it is an eligible surplus line carrier listed on the Quarterly Listing of Alien Insurers of the NAIC, or any successor thereto; (iii) approved for the purpose of offering property and casualty insurance by a Federal agency in connection with maritime, energy, or aviation activity; (iv) a State residual market insurance entity or State workers' compensation fund; or (v) any other entity described in section 4(f), to the extent provided in the rules of the Secretary issued under section 4(f); (B) that receives direct earned premiums for any type of commercial property and casualty insurance coverage, other than in the case of entities described in subsections (d) and (f) of section 4; and (C) that meets any other criteria that the Secretary may reasonably prescribe. Such term includes captive insurers and other self-insurance arrangements by municipalities and other entities (such as workers' compensation self-insurance programs and State workers' compensation reinsurance pools). (10) Insurer deductible The term insurer deductible means, with respect to a participating insurer— (A) the value of the participating insurer's direct earned premiums during the immediately preceding calendar year, multiplied by 5 percent