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* S1 * 02/02/2024 * GLP 0482161 11 GREAT AMERICAN ASSURANCE COMPANY <br /> *D/B* 397946331 694948 <br /> B. Disclosure of Federal Participation in Payment of Terrorism Losses <br /> The United States Government, Department of the Treasury, will pay a share of terrorism losses insured <br /> under the federal program. The federal share equals a percentage (as shown in Part II of the Schedule of this <br /> endorsement) of that portion of the amount of such insured losses that exceeds the applicable insurer <br /> retention. However, if aggregate insured losses attributable to terrorist acts certified under the Terrorism <br /> Risk Insurance Act exceed $100 billion in a calendar year, the Treasury shall not make any payment for any <br /> portion of the amount of such losses that exceeds $100 billion. <br /> C. Cap on Insurer Participation in Payment of Terrorism Losses <br /> If aggregate insured losses attributable to terrorist acts certified under the Terrorism Risk Insurance Act <br /> exceed $100 billion in a calendar year and we have met our insurer deductible under the Terrorism Risk <br /> Insurance Act, we shall not be liable for the payment of any portion of the amount of such losses that <br /> exceeds $100 billion, and in such case insured losses up to that amount are subject to pro rata allocation in <br /> accordance with procedures established by the Secretary of the Treasury. <br /> Includes copyrighted material of Insurance Services Office, Inc., with its permission <br /> IL 73 68 (Ed. 01/20) (Page 2 of 2) <br />