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United States · Bill · S

S. 2621 (110th)

Terrorism Risk Insurance Improvement Act of 2008

referredUnited States· United States Congress· EN

Introduced

11 February 2008

Last action

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Subjects

Discovery layer

Source updated

5 December 2025

Summary

Terrorism Risk Insurance Improvement Act of 2008 - Amends the Terrorism Risk Insurance Act of 2002 to revise the definition of "insurer deductible" with respect to a situation where aggregate industry insured losses resulting from a certified act of terrorism exceed $1 billion for an insurer that sustains any of such losses. Sets forth a calculation for the value of such an insurer's direct earned premiums over the calendar year immediately preceding the program year.

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Documents

3 official files

Introduced in Senate (text)

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Sources

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