Laserfiche WebLink
D. Cap On Insurer Liability for Terrorism Losses <br /> If aggregate industry insured losses attributable to <br /> "certified acts of terrorism" under TRIA exceed $100 <br /> billion in a calendar year and we have met, or will <br /> meet, our insurer deductible under TRIA, we shall <br /> not be liable for the payment of any portion of the <br /> amount of such losses that exceed $100 billion. In <br /> such case, your coverage for terrorism losses may <br /> be reduced on a pro-rata basis in accordance with <br /> procedures established by the Treasury, based on <br /> its estimates of aggregate industry losses and our <br /> estimate that we will exceed our insurer deductible. <br /> In accordance with the Treasury's procedures, <br /> amounts paid for losses may be subject to further <br /> adjustments based on differences between actual <br /> losses and estimates. <br /> E. Application of Other Exclusions <br /> The terms and limitations of any terrorism exclusion, <br /> the inapplicability or omission of a terrorism <br /> exclusion, or the inclusion of terrorism coverage, do <br /> not serve to create coverage for any loss which <br /> would otherwise be excluded under this Coverage <br /> Form, Coverage Part or Policy. <br /> F. All other terms and conditions remain the same. <br /> Form SS 83 76 01 15 Page 2 of 2 <br />