; or (iv) a State residual market insurance entity; (B) that receives direct earned premiums for covered insurance coverage; and (C) that meets any other criteria that the Secretary may reasonably prescribe. (7) Participating State The term participating State means a State that has elected pursuant to section 2(a)(3) to participate in the Program and has not terminated such participation. (8) Person The term person means any individual, business or nonprofit entity (including those organized in the form of a partnership, limited liability company, corporation, or association), trust or estate, or a State or political subdivision of a State or other governmental unit. (9) Program The term Program means the Natural Disaster Risk Reinsurance Program established by this Act. (10) Secretary The term Secretary means the Secretary of the Treasury. (11) State The term State means any State of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, American Samoa, Guam, the United States Virgin Islands, and any other territory or possession of the United States. (12) State insurance regulator The term State insurance regulator means, with respect to a State, the regulatory authority responsible for the supervision of insurers. (13) Rule of construction for dates With respect to any reference to a date in this Act, such day shall be construed— (A) to begin at 12:01 a.m. on that date; and (B) to end at midnight on that date.