Terrorism Risk Insurance Program Reauthorization Act of 2007

Law Anti-money laundering Law

Date: 21st Nov, 2024 Source: Congress.gov Country: USA Original Source

Brief

The Terrorism Risk Insurance Program Reauthorization Act of 2007 extends the Terrorism Insurance Program and makes various changes to it. The Act reauthorizes the program until December 31, 2014, and establishes a $100 billion cap on annual liability for losses caused by terrorist acts. It also requires insurers to provide clear disclosure about this cap when selling policies. The Act further amends the Terrorism Risk Insurance Act of 2002 to include specific markets in its study and reporting requirements.

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Terrorism Risk Insurance Program Reauthorization Act of 2007

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Brief

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