Orange County NC Website
Browse       Search
<br />14-02-22814 (12/2017) Page 1 <br />ENDORSEMENT/RIDER <br /> <br /><COVSECT> <br /> <br />Effective date of <br />this endorsement/rider: <TRXEFFDATE> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /><CARRNAME> <br /> <br />Endorsement/Rider No. <EN> <br /> <br />To be attached to and <br />form a part of Policy No. <POLICYNO> <br /> <br />Issued to: <ACCTNAME> <br />__________________________________________________________________________________________ <br />___ <br /> <br />CAP ON LOSSES FROM CERTIFIED ACTS OF TERRORISM <br /> <br />In consideration of the premium charged, it is agreed that: <br /> <br />A. If aggregate insured losses attributable to terrorist acts certified under the federal Terrorism Risk <br />Insurance Act exceed $100 billion in a calendar year and we have met our insurer deductible <br />under the Terrorism Risk Insurance Act, we shall not be liable for the payment of any portion of <br />the amount of such losses that exceeds $100 billion, and in such case insured losses up to that <br />amount are subject to pro rata allocation in accordance with procedures established by the <br />Secretary of the Treasury. <br /> <br />“Certified act of terrorism” means an act that is certified by the Secretary of the Treasury, in <br />accordance with the provisions of the federal Terrorism Risk Insurance Act, to be an act of <br />terrorism pursuant to such Act. The criteria contained in the Terrorism Risk Insurance Act for a <br />“certified act of terrorism” include the following: <br /> <br />1. The act resulted in insured losses in excess of $5 million in the aggregate, attributable to all <br />types of insurance subject to the Terrorism Risk Insurance Act; and <br /> <br />2. The act is a violent act or an act that is dangerous to human life, property or infrastructure <br />and is committed by an individual or individuals as part of an effort to coerce the civilian <br />population of the United States or to influence the policy or affect the conduct of the United <br />States Government by coercion. <br /> <br />B. The terms and limitations of any terrorism exclusion, or the inapplicability or omission of a <br />terrorism exclusion, do not serve to create coverage for any “loss” that is otherwise excluded <br />under this Policy. <br /> <br /> <br />DocuSign Envelope ID: 010D91E2-5C66-4610-B0AF-F96D7E61B6C5