; (2) shall minimize the administrative costs of the Federal Government; and (3) shall provide coverage based solely on insured losses covered by the eligible State program purchasing the contract. 303. Terms of reinsurance contracts (a) Minimum attachment point and levels of coverage The Secretary shall establish attachment points at which reinsurance coverage under this title is provided to eligible State programs. In setting attachment points and in determining the levels of reinsurance coverage provided, the Secretary shall take into consideration— (1) the coverage available through eligible State programs; (2) the availability and accessibility of reinsurance in the private market