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BK : 1946 PG : 2456 <br /> r <br /> A TRUE COPY <br />" CERTIFICATION ON LAST PAGE <br /> J . K. BARTON , CLERK <br /> STPAUL <br /> TRAVELERS <br /> IMPORTANT DISCLOSURE NOTICE OF TERRORISM INSURANCE <br /> COVERAGE <br /> 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 by <br /> certain acts of international terrorism. We are providing you with <br /> this notice to inform you of the key features of the Act, and to let <br /> you know what effect, if any, the Act will have on your premium. <br /> Under the Act, insurers are required to provide coverage for certain <br /> losses caused by intemational acts of terrorism as defined in the <br /> Act. The Act further provides that the Federal Government will pay <br /> a share of such losses. Specifically, the Federal Government will <br /> pay 90°x6 of the amount of covered losses caused by certain acts of <br /> terrorism which is in excess of an insurer's statutorily established <br /> deductible for that year. The Act also caps the amount of terrorism- <br /> related losses for which the Federal Government or an insurer can <br /> be responsible at $ 100,000 , 000, 000.00, provided that the insurer <br /> has met its deductible . <br /> Please note that passage of the Act does not result in any change <br /> in coverage under the attached policy or bond (or the policy or bond <br /> being quoted ). Please also note that no separate additional <br /> 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 /> premium , and is no more than one percent of your premium . <br /> ILT 1018 (9/04) <br /> r <br /> w <br />