Terrorism Risk Insurance Extension Act of 2005

Law Anti-money laundering Law

Date: 22nd Nov, 2024 Source: Congress.gov Country: USA Original Source

Brief

The Terrorism Risk Insurance Extension Act of 2005 was enacted to extend the applicability of the Terrorism Risk Insurance Act of 2002. This law aims to provide a temporary insurance program for terrorism-related losses, with key provisions including the extension of the program until 2007 and changes in insurer deductibles and shared compensation rates.

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