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, , <br /> w . e <br /> • <br /> ____,------ . <br /> Travelers <br /> L... <br /> IMPORTANT DISCLOSURE NOTICE OF TERRORISM INSURANCE COVERAGE <br /> On November 26, 2002, President Bush signed into law the Terrorism <br /> Risk Insurance Act of 2002 (the "Act"). The Act establishes a short-term <br /> program under which the Federal Government will share in the payment <br /> of covered losses caused by certain acts of international terrorism. We <br /> are providing you with this notice to inform you of the key features of the <br /> Act, and to let you know what effect, if any, the Act will have on your <br /> 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 Act. The <br /> Act further provides that the Federal Government will pay a share of such <br /> losses. Specifically, the Federal Government will pay 90% of the amount <br /> of covered losses caused by certain acts of terrorism which is in excess <br /> of Travelers' statutorily established deductible for that year. The Act also <br /> caps the amount of terrorism-related losses for which the Federal <br /> Government or an insurer can be responsible at $100,000,000,000.00, <br /> provided that the insurer has met its deductible. <br /> Please note that passage of the Act does not result in any change in <br /> coverage under the attached policy or bond (or the policy or bond being <br /> quoted). Please also note that no separate additional premium charge <br /> has been made for the terrorism coverage required by the Act. The <br /> premium charge that is allocable to such coverage is inseparable from <br /> and imbedded in your overall premium, and is no more than one percent <br /> of your premium. <br /> ILT-1018(2/03) <br />