; (2) rates for State insurance, reinsurance, or residual market programs that fail to cover the expected value of all future costs, including the cost of capital, associated with insurance policies or reinsurance contracts written by such programs or fail to have sufficient assets above their indebtedness to meet their obligations; and (3) any financial complications arising for policyholders resulting from increased policy costs. Not later than 6 months after the date of the enactment of this Act, the Comptroller General shall submit a report to the Congress on the results of the study under this section. 504. Definitions In this Act: (1) Commitment to guarantee The term commitment to guarantee means a commitment to make debt guarantees to an eligible State program pursuant to section 202(c). (2) Eligible State program The term eligible State program means a State program that the Secretary certifies as an eligible State program under section 501. (3) Insured loss The term insured loss means any loss that is determined by an eligible State program as being covered by insurance or reinsurance made available under that eligible State program. (4) Qualifying assets The term qualifying assets means the policyholder surplus of the eligible State program as stated in the most recent quarterly financial statement filed by the program with the domiciliary regulator of the program in the last quarter ending prior to the event or events. (5) Secretary The term Secretary means the Secretary of the Treasury. (6) State The term State includes the several States, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Commonwealth of the Northern Mariana Islands, the United States Virgin Islands, and American Samoa, and any other territory or possession of the United States. 505. Regulations The Secretary shall issue such regulations as may be necessary to carry out this Act.