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DocuSign Envelope ID: D9F8096F-FD8F-4DEF-97BC-32AEDC1721 F9
<br /> Federal Share of Compensation
<br /> If coverage is purchased (see Section III below), payments made under this policy, for losses caused by a certified
<br /> "Act of Terrorism", will be reimbursed in part by the United States Government to us using a formula established by
<br /> federal law. Under this formula, if the aggregate insured losses exceed a trigger amount($100,000,000 through 2015;
<br /> $120,000,000 beginning on January 1,2016; $140,000,000 beginning on January 1,2017; $160,000,000 beginning on
<br /> January 1, 2018; $180,000,000 beginning on January 1, 2019; and $200,000,000 beginning on January 1, 2020), the
<br /> United States Government generally reimburses a percentage(85%through 2015; 84%beginning on January 1,2016;
<br /> 83%beginning on January 1, 2017; 82%beginning on January 1, 2018; 8 1%beginning on January 1, 2019; and 80%
<br /> beginning on January 1, 2020) of covered terrorism losses exceeding the statutorily established deductible paid by us
<br /> for losses arising from certified"Acts of Terrorism".
<br /> $100 Billion Program Cap
<br /> TRIA contains a program cap of$100,000,000,000 that limits United States Government reimbursement as well as our
<br /> liability for losses resulting from certified "Acts of Terrorism" when the amount of such losses in any one calendar
<br /> year exceeds the program cap. If the aggregated insured losses for all insurers exceed the program cap, coverage (if
<br /> purchased)for"Acts of Terrorism" may be reduced.
<br /> II. Conditional Termination of this Disclosure
<br /> A. The provisions of TRIA state that the Terrorism Risk Insurance Program"shall terminate on December 31,2020."
<br /> Unless the program is renewed, extended or otherwise continued by the federal government, this disclosure
<br /> terminates upon the first occurrence of any of the following conditions:
<br /> (1) the policy period ends; or
<br /> (2) the federal Terrorism Risk Insurance Program has terminated either in its entirety or with respect to the type
<br /> of insurance afforded by this policy; or
<br /> (3) a renewal,extension or continuation of the Terrorism Risk Insurance Program has become effective without a
<br /> requirement to make terrorism coverage available with respect to the type of insurance afforded by this policy.
<br /> B. If none of the conditions set forth in paragraph II. A. above occur, this disclosure will remain in effect unless we
<br /> notify you of changes in response to federal law.
<br /> III. TRIA Terrorism Coverage
<br /> As required by TRIA, an offer of terrorism coverage within the terms of TRIA ("TRIA Terrorism Coverage") was
<br /> included in our quote.No insurance is afforded by this notice and no TRIA Terrorism Coverage is afforded under this
<br /> policy unless such offer was accepted and TRIA Terrorism Coverage was purchased.
<br /> If TRIA Terrorism Coverage was purchased,TRIA endorsement(s)are attached to this policy and the premium for such
<br /> coverage will be as stated in the binder as respects any such endorsement(s).
<br /> If TRIA Terrorism Coverage was not purchased, coverage for terrorism is excluded as provided in the policy, unless,
<br /> as permitted by TRIA,alternative terrorism coverage was negotiated,in which case one or more endorsement(s)to this
<br /> policy include the negotiated coverage for terrorism("Alternative Terrorism Coverage").If purchased,such Alternative
<br /> Terrorism Coverage,includes portions which fall within TRIA(the"TRIA Portion"),as well as other coverage outside
<br /> of TRIA, and the premium corresponding to the TRIA Portion of the Alternative Terrorism Coverage is 10% of the
<br /> total premium for the endorsements providing the Alternative Terrorism Coverage.
<br /> Any TRIA Terrorism Coverage and the TRIA Portion of any Alternative Terrorism Coverage is subject to all of the
<br /> disclosures and limitations set forth in Section I above.
<br /> Endorsement No. 14
<br /> UASD004(May 1,2015) Page 2 of 3
<br /> Includes copyrighted material of Insurance Services Office,Inc.,with its permission.
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