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SFP Policy
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The Secondary Financial Protection (SFP) Policy is used by the operators of nuclear power plants to meet financial protection requirements under the Price-Anderson Act. The policy provides “following form” coverage for losses that exceed the primary limit available under the Facility Form Policy.

In accordance with the requirements of the Price-Anderson Act, each insured under the SFP Policy is currently liable for a retrospective premium of up to $100.6 million per incident. With 104 reactors participating, the total SFP program currently amounts to $10.5 billion.

The current retrospective premium was set in 2003 with subsequent adjustments scheduled to occur every five years.

The limit under this policy is equal to the amount of retrospective premium actually collected from participating insureds. In addition to administering this program, ANI has a contingent liability if retrospective premiums are not paid when due. However, under the terms of a bonding agreement, ANI will be reimbursed with interest for any monies we advance.

 
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