HR 4772
108th Congress
House
Finance and Financial Sector
Casualty insurance
Coinsurance
Commerce
Compensation (Law)
Congress
Congressional investigations
Congressional reporting requirements
Crime and Law Enforcement
EBB Terrorism
Insurance companies
Law
Life insurance
Losses
Property insurance
Terrorism
Terrorism Risk Insurance Program Extension Act of 2004
Introduced: July 7, 2004
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 3, 2004
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Jul 7, 2004
Referred to the House Committee on Financial Services.
Jul 7, 2004
Introduced in House
Plain-English summary
Terrorism Risk Insurance Program Extension Act of 2004 - Amends the Terrorism Risk Insurance Act of 2002 to extend the terrorism risk insurance program through December 31, 2008.
Restricts "insured loss" with respect to the Final Program Year to certain losses covered by property and casualty insurance issued before January 1, 2008, and expiring not later than December 31, 2008.
Sets forth an insurer deductible that is the value of an insurer's direct earned premiums multiplied by 15 percent for Program Years 3, 4, and 5, and for the Final Program Year.
Redefines "insured loss" to include group life insurance coverage.
What's happening now
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Committees of jurisdiction
2