; and (ii) encourage States to require participating insurers to offer an all-perils property insurance policy; (B) the levels of primary insurer retention and private reinsurance market capacity necessary to— (i) promote stable and competitive markets for catastrophe reinsurance; and (ii) incentivize the establishment by private parties of capital market alternatives to reinsurance, for example the creation of a market for catastrophe bonds; and (C) the role of the Program in promoting investments by participating insurers that would be aimed at decreasing losses. (g) Premiums (1) In general The Secretary shall require participating insurers to pay a premium to the Secretary each quarter. (2) Premium amount considerations The amount of the premium required under paragraph (1) shall reflect only the following considerations: (A) The expected average annual losses for the participating insurer, as calculated by the Secretary based on the exposure of such participating insurer. (B) The administrative costs to administer and manage the Program. (3) Consultation The Secretary shall consult with the advisory committee established under subsection (i) when establishing premium amounts and may contract for services to assist in the establishment of premium amounts. (4) Minimum premium required The Secretary may not establish any premium that is less than 50 percent of the amount equal to the sum of the— (A) expected average annual losses for the participating insurer, as calculated by the Secretary based on the exposure of such participating insurer