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1 <br /> W <br /> 1 <br /> Travelers <br /> 1 <br /> IMPORTANT DISCLOSURE NOTICE OF TERRORISM <br /> INSURANCE COVERAGE <br /> 1 On November 26 , 2002 , President Bush signed into law the <br /> Terrorism Risk Insurance Act of 2002 ( the " Act " ) . The Act <br /> establishes a short - term program under which the Federal <br /> Government will share in the payment of covered losses caused <br /> ' by certain acts of international terrorism . We are providing you <br /> with this notice to inform you of the key features of the Act , and to <br /> let you know what effect , if any , the Act will have on your premium . <br /> Under the Act , insurers are required to provide coverage for <br /> certain losses caused by international acts of terrorism as defined <br /> in the Act . The Act further provides that the Federal Government <br /> 1 will pay a share of such losses . Specifically , the Federal <br /> Government will pay 90 % of the amount of covered losses caused <br /> by certain acts of terrorism which is in excess of Travelers ' <br /> 1 statutorily established deductible for that year . The Act also caps <br /> the amount of terrorism - related losses for which the Federal <br /> Government or an insurer can be responsible at <br /> 1 $ 100 , 000 , 000 , 000 . 00 , provided that the insurer has met its <br /> deductible . <br /> Please note that passage of the Act does not result in any change <br /> 1 in coverage under the attached policy or bond ( or the policy or <br /> bond being quoted ) . Please also note that no separate additional <br /> 1 premium charge has been made for the terrorism coverage <br /> required by the Act . The premium charge that is allocable to such <br /> coverage is inseparable from and imbedded in your overall <br /> 1 premium , and is no more than one percent of your premium . <br /> 1 <br /> 1 <br />