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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 All 50 States Insurance government share the risk of 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a three- year period, with All 50 States Insurance the president's signature, all state exclusions for terrorism are rescinded, insurers, All 50 States Insurance over the next 90 days, must notify existing commercial policyholders of the existence of the federal backstop, offer.
Comparable All 50 States Insurance terrorism coverage and specify the cost of that coverage, policyholders have the option to accept or decline the coverage, or negotiate other All 50 States Insurance terms, these provisions apply to new policies written after enactment.
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