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I WORKERS COMPENSATION AND EMPLOYERS LIABILITY INSURANCE POLICY WC 00 04 20 TERRORISM RISK INSURANCE ACT ENDORSEMENT This endorsement addresses requirements of the Terrorism Risk Insurance Act of 2002. Definitions The definitions provided in this endorsement are based on the definitions in the Act and are intended to have the same meaning. If words or phrases not defined in this endorsement are defined in the Act, the definitions in the Act will apply. "Act" means the Terrorism Risk Insurance Act of 2002, which took effect on November 26, 2002, and any amendments. "Act of terrorism" means any act that is certified by the Secretary of the Treasury, in concurrence with the Secretary of State, and the Attorney General of the United States as meeting all of the following requirements: a. The act is an act of terrorism. b. The act is violent or dangerous to human life, property or infrastructure. c. The act resulted in damage within the United States, or outside of the United States in the case the United States mission or certain air carriers or vessels. d. The act has been committed by an individual or individuals acting on behalf of any foreign person or foreign interest, as part of an effort to coerce the civilian population of the United States or to influence the policy or affect the conduct of the United States Government by coercion. ( _ "Insured terrorism or war loss" means any loss resulting from an act of terrorism (including an act of war, in the -- case of workers compensation) that is covered by primary or excess property and casualty insurance issued by an insurer if the loss occurs in the United States or at United States missions or to certain air carriers or vessels. "Insurer deductible" means: a. For the period beginning on November 26, 2002 and ending on December 31 , 2002, an amount equal to 1 % of our direct earned premiums, as provided in the Act, over the calendar year immediately preceding November 26, 2002. b. For the period beginning on January 1 , 2003 and ending on December 31 , 2003, an amount equal to 7% of our direct earned premiums, as provided in the Act, over the calendar year immediately preceding January 1 , 2003 c. For the period beginning on January 1 , 2004 and ending on December 31 , 2004, an amount equal to 10% of our direct earned premiums, as provided in the Act, over the calendar year immediately preceding January 1 , 2004. d. For the period beginning on January 1 , 2005 and ending on December 31 , 2005, an amount equal to 15% of our direct earned premiums, as provided in the Act, over the calendar year immediately preceding January 1 , 2005.