WHEATON, Ill.-The American Assn. of Insurance Services is preparing a nationwide filing of new terrorism endorsements insurers can use in anticipation of the scheduled sunset of the federal terrorism reinsurance program.
In anticipation of the Terrorism Risk Insurance Program's scheduled Dec. 31, 2005 sunset, AAIS has prepared a series of commercial lines endorsements with exclusions that would take effect if the program terminates or is substantially changed. The Wheaton, Ill.-based insurance advisory organization has prepared equivalent endorsements for commercial coverages provided under farm policies.
If the federal program is terminated, the definition …
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