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Last modified
7/15/2024 10:31:33 AM
Creation date
11/7/2022 2:22:39 PM
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Contracts
Company Name
PALACIOS LAW OFFICE
Contract #
N-2022-334
Agency
Planning & Building
Expiration Date
10/31/2024
Insurance Exp Date
6/28/2025
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D. Cap On Insurer Liability for Terrorism Losses <br />If aggregate industry insured losses attributable to <br />"certified acts of terrorism" under TRIA exceed $100 <br />billion in a calendar year and we have met, or will <br />meet, our insurer deductible under TRIA, we shall <br />not be liable for the payment of any portion of the <br />amount of such losses that exceed $100 billion. In <br />such case, your coverage for terrorism losses may <br />be reduced on a pro-rata basis in accordance with <br />procedures established by the Treasury, based on <br />its estimates of aggregate industry losses and our <br />estimate that we will exceed our insurer deductible. <br />In accordance with the Treasury's procedures, <br />amounts paid for losses may be subject to further <br />adjustments based on differences between actual <br />losses and estimates. <br />E. Application of Other Exclusions <br />The terms and limitations of any terrorism exclusion, <br />the inapplicability or omission of a terrorism <br />exclusion, or the inclusion of terrorism coverage, do <br />not serve to create coverage for any loss which <br />would otherwise be excluded under this Coverage <br />Form, Coverage Part or Policy. <br />F. All other terms and conditions remain the same. <br />oR,N F RiskMougementDMsian <br />a� REVIEWED & APPROVED BY. <br />tq t�ceva�o <br />— J Risk Management Specialist <br />Form SS 83 76 01 15 Page 2 of 2 <br />
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