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Policyholder Disclosure Notice of Terrorism Insurance Coverage Form

Policyholder Disclosure Notice of Terrorism Insurance Coverage Form

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tria or the terrorism risk Insurance Act as it is more commonly known was passed in response to the events of 9/11 which created what was then a critical capacity issue for terrorism risk in the u.s. trio was passed at the end of 2002 to provide a hundred billion dollar backstop for the PNC industry it has subsequently been extended in 2005 2007 and in 2015 currently tree is set to expire at the end of December 31st 2020 an absent action regarding an extension it will become a critical capacity crisis for our clients [Music] ion's position is fairly simple tria in its current form and its end its prior forms has worked its created a readily affordable and available market for terrorism risk in the United States we believe that tria should be extended on a minimum of 10 year basis in order to get out of the circular and continual cycle of short-term extensions and provide contract certainty for our client base moving forward in terms of advocacy our position is also one wherein

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