Terrorism Risk Insurance Program Reauthorization Act of 2007

Summary

Terrorism Risk Insurance Revision and Extension Act of 2007 - Amends the Terrorism Risk Insurance Act of 2002 to extend the Terrorism Insurance Program through calendar 2017. Revises requirements for: (1) insurer deductible; (2) insured loss shared compensation; (3) industry insured losses that trigger the program; (4) recoupment of the federal share; (5) certification prerequisites regarding an act of terrorism; (6) mandatory availability of program coverage; and (7) rate and form filings for coverage. Provides for coverage of group life insurance, including a policy surcharge for terrorism loss risk-spreading premiums. Revises requirements for: (1) insurer copayment and federal share of compensation; (2) post-event reset for previously impacted areas; and (3) mandatory availability of life insurance that does not preclude future lawful travel. Adds coverage for workers' compensation and property and casualty insurance to the topics of a mandatory analysis of market conditions for terrorism risk insurance by the President's Working Group on Financial Markets. Establishes the Commission on Terrorism Risk Insurance.

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Documents

19 official files

• Enrolled Bill (text)

  Enrolled Bill · EN

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• Enrolled Bill (PDF)

  Enrolled Bill · EN

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• Public Law (text)

  Public Law · EN · 26 December 2007

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• Public Law (PDF)

  Public Law · EN · 26 December 2007

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• Public Law

  summary · EN · 26 December 2007

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• Engrossed Amendment Senate (text)

  Engrossed Amendment Senate · EN · 16 November 2007

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• Engrossed Amendment Senate (PDF)

  Engrossed Amendment Senate · EN · 16 November 2007

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• Passed Senate amended

  summary · EN · 16 November 2007

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• Referred in Senate (text)

  Referred in Senate · EN · 20 September 2007

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• Referred in Senate (PDF)

  Referred in Senate · EN · 20 September 2007

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• Engrossed in House (text)

  Engrossed in House · EN · 19 September 2007

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• Engrossed in House (PDF)

  Engrossed in House · EN · 19 September 2007

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• Passed House amended

  summary · EN · 19 September 2007

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• Reported in House (text)

  Reported in House · EN · 6 September 2007

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• Reported in House (PDF)

  Reported in House · EN · 6 September 2007

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• Reported to House with amendment(s)

  summary · EN · 6 September 2007

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• Introduced in House (text)

  Introduced in House · EN · 18 June 2007

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• Introduced in House (PDF)

  Introduced in House · EN · 18 June 2007

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• Introduced in House

  summary · EN · 18 June 2007

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