Orange County NC Website
DocuSign Envelope ID:91 F43AFA-8CB4-4861-887A-F304C7A6614B <br /> A. Disclosure Of Premium D. Possibility Of Additional Or Return Premium <br /> In accordance with the federal Terrorism Risk The premium for certified acts of terrorism <br /> Insurance Act, we are required to provide you with coverage is calculated based in part on the federal <br /> a notice disclosing the portion of your premium, if participation in payment of terrorism losses as set <br /> any, attributable to coverage for terrorist acts forth in the Terrorism Risk Insurance Act. The <br /> certified under that Act. The portion of your federal program established by the Act is <br /> premium attributable to such coverage is shown in scheduled to terminate at the end of the year <br /> the Schedule of this endorsement or in the policy specified in Part I of the Schedule of this <br /> Declarations. endorsement, unless extended by the federal <br /> B. Disclosure Of Federal Participation In Payment government. If the federal program terminates or if <br /> Of Terrorism Losses the level or terms of federal participation change, <br /> the estimated premium shown in (B) in Part I of <br /> The United States Government, Department of the the Schedule may not be appropriate. <br /> Treasury, will pay a share of terrorism losses <br /> insured under the federal program. The federal If this policy contains a Conditional Exclusion, <br /> share equals a percentage (as shown in Part II of continuation of coverage for certified acts of <br /> the Schedule of this endorsement or in the policy terrorism, or termination of such coverage, will be <br /> Declarations)of that portion of the amount of such determined upon disposition of the federal <br /> insured losses that exceeds the applicable insurer program, subject to the terms and conditions of <br /> retention. However, if aggregate insured losses the Conditional Exclusion. If this policy does not <br /> attributable to terrorist acts certified under the contain a Conditional Exclusion, coverage for <br /> Terrorism Risk Insurance Act exceed $100 billion certified acts of terrorism will continue. In either <br /> in a calendar year, the Treasury shall not make case, when disposition of the federal program is <br /> any payment for any portion of the amount of such determined, we will recalculate the premium <br /> losses that exceeds$100 billion. shown in (B) in Part I of the Schedule and will <br /> charge additional premium or refund excess <br /> C. Cap On Insurer Participation In Payment Of premium, if indicated. <br /> Terrorism Losses <br /> If we notify you of an additional premium charge, <br /> If aggregate insured losses attributable to terrorist the additional premium will be due as specified in <br /> acts certified under the Terrorism Risk Insurance such notice. <br /> Act exceed $100 billion in a calendar year and we <br /> have met our insurer deductible under the <br /> Terrorism Risk Insurance Act, we shall not be <br /> liable for the payment of any portion of the amount <br /> of such losses that exceeds $100 billion, and in <br /> such case insured losses up to that amount are <br /> subject to pro rata allocation in accordance with <br /> procedures established by the Secretary of the <br /> Treasury. <br /> Page 2 of 2 © Insurance Services Office, Inc., 2015 IL 09 99 01 15 <br />