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Code · STATUTE-COMPILATIONS · Terrorism Risk Insurance Extension Act of 2005 · Sec. 8

Sec. 8. ANALYSIS AND REPORT ON TERRORISM RISK COVERAGE CONDITIONS AND SOLUTIONS

194 words·~1 min read·/statute-compilations/comps-17663/sec-8

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## SEC. 8 ANALYSIS AND REPORT ON TERRORISM RISK COVERAGE CONDITIONS AND SOLUTIONS Section 108 of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note; 116 Stat. 2336) is amended by adding at the end the following: > > ### “(e) Analysis of Market Conditions for Terrorism Risk Insurance > > > #### “(1) In general > > The President’s Working Group on Financial Markets, in consultation with the National Association of Insurance Commissioners, representatives of the insurance industry, representatives of the securities industry, and representatives of policy holders, shall perform an analysis regarding the long-term availability and affordability of insurance for terrorism risk, including— > > > ##### “(A) > > group life coverage; and > > > ##### “(B) > > coverage for chemical, nuclear, biological, and radiological events. > > > #### “(2) Report > > Not later than September 30, 2006, the President’s Working Group on Financial Markets shall submit a report to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives on its findings pursuant to the analysis conducted under subsection (a).” > .
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Sec. 8
ANALYSIS AND REPORT ON TERRORISM RISK COVERAGE CONDITIONS AND SOLUTIONS
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