3.0.0 2621 2017-12-14T23:55:54Z 2017-12-14T23:55:54Z Senate S S 2008-02-11 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2008-02-11T20:12:17Z Terrorism Risk Insurance Improvement Act of 2007 110 4721 HR 2008-03-28 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. Related bill CRS 2008-02-11 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2008-02-11 Introduced in Senate IntroReferral 10000 9 Library of Congress S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. N Finance and Financial Sector Business insurance Casualty insurance Commerce Crime and Law Enforcement Insurance companies Insurance premiums Property insurance Terrorism Finance and Financial Sector 00 2008-02-11 Introduced in Senate 2008-04-04T17:34:29Z 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.

]]> Terrorism Risk Insurance Improvement Act of 2008 Short Titles as Introduced Terrorism Risk Insurance Improvement Act of 2008 Display Title Terrorism Risk Insurance Improvement Act of 2008 Official Title as Introduced A bill to amend the Terrorism Risk Insurance Act of 2002, to temporarily reduce the insurer deductibles for insurers sustaining insured losses from large terrorism events. Introduced in Senate 2008-02-11T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2621is/xml/BILLS-110s2621is.xml 2008-02-11 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.