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DELHI CENTER (13)
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Last modified
3/20/2024 10:41:53 AM
Creation date
3/10/2022 9:58:20 AM
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Contracts
Company Name
DELHI CENTER
Contract #
A-2022-033-01
Agency
City Manager's Office
Council Approval Date
3/1/2022
Expiration Date
2/28/2023
Destruction Year
2028
Notes
CTRAX
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COMMERCIAL LIABILITY UMBRELLA <br />CU21300115 <br />THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br />CAP ON LOSSES FROM CERTIFIED ACTS OF TERRORISM <br />This endorsement modifies insurance provided under the following: <br />COMMERCIAL LIABILITY UMBRELLA COVERAGE PART <br />A. If aggregate insured losses attributable to terrorist <br />acts certified under the federal Terrorism Risk <br />Insurance Act exceed $100 billion In a calendar <br />year and we have met our insurer deductible <br />under the Terrorism Risk Insurance Act, we shall <br />not be liable for the payment of any portion of the <br />amount of such losses that exceeds $100 billion, <br />and in such case insured losses up to that amount <br />are subject to pro rata allocation in accordance <br />with procedures established by the Secretary of <br />the Treasury. <br />"Certified act of terrorism" means an act that is <br />certified by the Secretary of the Treasury, in <br />accordance with the provisions of the federal <br />Terrorism Risk Insurance Act, to be an act of <br />terrorism pursuant to such Act. The criteria <br />contained in the Terrorism Risk Insurance Act for <br />a "certified act of terrorism" include the following: <br />1. The act resulted in insured losses in excess of <br />$5 million in the aggregate, attributable to all <br />types of insurance subject to the Terrorism <br />Risk Insurance Act; and <br />2. The act is a violent act or an act that is <br />dangerous to human life, property or <br />infrastructure and is committed by an individual <br />or individuals as part of an effort to coerce the <br />civilian population of the United States or to <br />influence the policy or affect the conduct of the <br />United States Government by coercion. <br />B. The terms and limitations of any terrorism <br />exclusion, or the inapplicability or omission of a <br />terrorism exclusion, do not serve to create <br />coverage for injury or damage that is otherwise <br />excluded under this Coverage Part. <br />CU 21 30 01 15 © Insurance Services Office, Inc., 2015 <br />w .,, <br />3 <br />RlekMana�mnitD[Wakm <br />REVIEWED &APPRo^vm BY: <br />q <br />Risk Management specialist <br />
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