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'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 international acts of terrorism as defined in the <br /> Act_ The Act further provides that the Federal Government will pay <br /> a share of such lasses. Specifically, the Federal Government will <br /> pay 90% of the amount of covered losses .caused by certain acts of <br /> terrorism which is in excess of Travelers' 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, pr©vided 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 band <br /> being quoted)_ Please also note that no separate additional <br /> premium charge has been made. for the terrorism coverage <br /> required by the Acta The premium charge that*is alloc8ble .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 />