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Terrorism & insurance the president signed the terrorism risk insurance act legislation on november 26, 2002, whereby private insurers and the federal government share the risk of All 50 States Insurance future losses from terrorism for a three-.
Year period, with All 50 States Insurance the president's signature, all state exclusions for terrorism are rescinded, insurers, over arizona title All 50 States Insurance insurance the next 90 days, must notify existing commercial policyholders of the existence of the federal backstop, offer comparable terrorism coverage and specify the All 50 States Insurance cost of that coverage, policyholders.
Have the option to accept or All 50 States Insurance decline the coverage, or negotiate other terms, these provisions apply to new policies written after enactment.
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