Nuclear Incident Liability Reform Act

[AI summary unavailable — showing source text] Nuclear Incident Liability Reform Act of 1981 - Amends the Atomic Energy Act of 1954 to require that the amount of financial protection required of a licensee licensed under such Act for purposes of nuclear incidents shall be the maximum amount of liability insurance available from private sources. Provides for periodic redetermination of such amount by the Nuclear Regulatory Commission (NRC) based on the cost of living (including health care costs). Requires that all licensees required to maintain such financial protection participate in an industry retrospective rating plan under which the deferred premium which shall be charged following any nuclear incident shall be an amount required by rules promulgated by the NRC. Authorizes the NRC to make a loan to any licensee unable to meet any assessment of deferred premiums within a reasonable time following any nuclear incident without impairing the provision of electric utility service by such licensee. Repeals statutory requirements with respect to indemnification agreements between the NRC and licensees. Removes statutory limitations on the amount of indemnity the NRC may provide to its own contractors for construction or operation…