Laserfiche WebLink
B. Disclosure Of Federal Participation In Payment <br />Of Terrorism Losses <br />The United States Government, Department of the <br />Treasury, will pay a share of terrorism losses in- <br />sured under the federal program. The federal <br />share equals a percentage (as shown in Part 11 of <br />the Schedule of this endorsement or in the policy <br />Declarations) of that portion of the amount of such <br />insured losses that exceeds the applicable insurer <br />retention. However, if aggregate insured losses at- <br />tributable to terrorist acts certified under the Ter- <br />rorism Risk Insurance Act exceed $100 billion in a <br />calendar year, the Treasury shall not make any <br />payment for any portion of the amount of such <br />losses that exceeds $100 billion. <br />C. Cap On Insurer Participation In Payment Of <br />Terrorism Losses <br />If aggregate insured losses attributable to terrorist <br />acts certified under the Terrorism Risk Insurance <br />Act exceed $100 billion in a calendar year and we <br />have met our insurer deductible under the Terror- <br />ism Risk Insurance Act, we shall not be liable for <br />the payment of any portion of the amount of such <br />losses that exceeds $100 billion, and in such case <br />insured losses up to that amount are subject to pro <br />rata allocation in accordance with procedures es- <br />tablished by the Secretary of the Treasury. <br />Page 2 of 2 © Insurance Services Office, Inc., 2015 IL 09 85 01 15 <br />