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A. Disclosure Of Premium <br />In accordance with the federal Terrorism Risk <br />Insurance Act, we are required to provide you with <br />a notice disclosing the portion of your premium, if <br />any, attributable to coverage for terrorist acts <br />certified under that Act. The portion of your <br />premium attributable to such coverage is shown in <br />the Schedule of this endorsement or in the policy <br />Declarations. <br />B. Disclosure Of Federal Participation In Payment <br />Of Terrorism Losses <br />The United States Government, Department of the <br />Treasury, will pay a share of terrorism losses <br />insured under the federal program. The federal <br />share equals a percentage (as shown in Part II of <br />the Schedule of this endorsement or in the policy <br />Declarations) of that portion of the amount of such <br />insured losses that exceeds the applicable insurer <br />retention. However, if aggregate insured losses <br />attributable to terrorist acts certified under the <br />Terrorism Risk Insurance Act exceed $100 billion <br />in a calendar year, the Treasury shall not make <br />any payment for any portion of the amount of such <br />losses that exceeds $100 billion. <br />C. Cap On Insurer Participation In Payment Of <br />Terrorism Losses <br />If aggregate insured losses attributable to terrorist <br />acts certified under the Terrorism Risk Insurance <br />Act exceed $100 billion in a calendar year and we <br />have met our insurer deductible under the <br />Terrorism Risk Insurance Act, we shall not be <br />liable for the payment of any portion of the amount <br />of such losses that exceeds $100 billion, and in <br />such case insured losses up to that amount are <br />subject to pro rate allocation in accordance with <br />procedures established by the Secretary of the <br />Treasury. <br />D. Possibility Of Additional Or Return Premium <br />The premium for certified acts of terrorism <br />coverage is calculated based in part on the federal <br />participation in payment of terrorism losses as set <br />forth in the Terrorism Risk Insurance Act. The <br />federal program established by the Act is <br />scheduled to terminate at the end of the year <br />specified in Part 1 of the Schedule of this <br />endorsement, unless extended by the federal <br />government. If the federal program terminates or if <br />the level or terms of federal participation change, <br />the estimated premium shown in (B) in Part I of <br />the Schedule may not be appropriate. <br />If this policy contains a Conditional Exclusion, <br />continuation of coverage for certified acts of <br />terrorism, or termination of such coverage, will be <br />determined upon disposition of the federal <br />program, subject to the terms and conditions of <br />the Conditional Exclusion. If this policy does not <br />contain a Conditional Exclusion, coverage for <br />certified acts of terrorism will continue. In either <br />case, when disposition of the federal program is <br />determined, we will recalculate the premium <br />shown in (B) in Part I of the Schedule and will <br />charge additional premium or refund excess <br />premium, if indicated. <br />If we notify you of an additional premium charge, <br />the additional premium will be due as specified in <br />such notice. <br />AND <br />I�v�wm6ArtRrn�mBr: <br />7ou dim u <br />Page 2 of 2 © Insurance Services Office, Inc., 2020 „ , < <br />