Terrorism Risk Insurance Program

Interpretive Letters

The Terrorism Risk Insurance Program (TRIP) Office has responded to individual requests for interpretations of the Terrorism Risk Insurance Act (TRIA) from various parties seeking guidance on how the Act may affect their individual circumstances. In 31 C.F.R. § 50.9, Treasury provided a procedure for requesting TRIA interpretations and noted that responses by the TRIP Office would be made publicly available. The following responses to requests for interpretation have been issued by the TRIP Office to date:

Act of Terrorism

"Act of Terrorism” (UN property within US ) / TRIA Sections 102(1)(A)(iii), 102(5)(A) / 31 C.F.R. §§ 50.5(b), (e).  

“Act of Terrorism” (US Military Base Abroad) / TRIA Section 102(1) / 31 C.F.R. § 50.5(b).

“Act of Terrorism” (Workers Compensation Coverage) / TRIA Sections 102(1) and (5) / 31 C.F.R. §§ 50.5(b), (e).

Affiliate

“Affiliate” (Presumptive Control); “Insurer” / TRIA Sections 102(2), (3) and (6) / 31 C.F.R. §§ 50.5(c)(1), (c)(2) and (f).

“Affiliate” (Affiliate Spinoff); “Insurer”; “Insurer Deductible” / TRIA Sections 102(2), (6) and (7) / 31 C.F.R. §§ 50.5(c)(1), (d) and (f).

Direct Earned Premium

“Direct Earned Premium” (Incidental Coverage); “Insured Loss”; “Property and Casualty Insurance” / TRIA Sections 102(5), (7) and (12) / 31 C.F.R. §§ 50.5(d), (e) and (l).

Insurer

"Insurer" (Captive Program) / TRIA Section 102 (6)(c) / 31 C.FR. §§50.5(f).

“Insurer” (Group Self Insurance Pool) / TRIA Section 102(6)(A)(i) and (v) / 31 C.F.R. § 50.5(f).

“Insurer” (Intergovernmental Cooperative Arrangement) / TRIA Section 102(6)(A)(i) and (v) / 31 C.F.R. § 50.5(f).

“Insurer” (Aviation Joint Underwriting Association) TRIA Section 102(6) / 31 C.F.R. § 50.5(f)(1)(i).

“State Residual Market Insurance Entity” (Workers Compensation Reinsurance Association) / TRIA Section 103(d)(2)(A) / 31 C.F.R. § 50.33.

“Insurer” (Federally-Approved) / TRIA Section 102(6)(A)(iii) / 31 C.F.R. §§ 50.5(f)(1)(C).

“Insurer” (Risk Retention Group); “Property & Casualty Insurance” (Master Policy) / TRIA Sections 102(6) and (12) / 31 C.F.R. §§ 50.5(d) and (l).

“Insurer” (TRIA-Only Captives) / TRIA Section 102(6)(c) / 31 C.F.R. §§ 50.5(d).

“Insurer” (Federally-Approved) / TRIA Section 102(6)(A)(iii) / 31 C.F.R. § 50.5 (f)(1)(i)(C).

Make Available

“Make Available” (Commercial Package Policies) / TRIA Section 103(c) / 31 C.F.R. § 50.23.

“Make Available” (Umbrella Coverage) / TRIA Section 103(c) / 31 C.F.R. § 50.23.

“Make Available” (Norwegian Marine Insurance Plan of 1996) / TRIA Section 103(c) / 31 C.F.R. § 50.23.

“Make Available”; “Property & Casualty Insurance” (Nuclear, Biological & Chemical) / TRIA Sections 102(12) and 103(c) / 31 C.F.R. §§ 50.5.5(l), 50.23.

“Make Available”; “Property and Casualty Insurance” (Wind-Only Coverage); / TRIA Sections 102(12) and 103(c) / 31 C.F.R. §§50.5.5(l), 50.23.

Property and Casualty Insurance

“Property and Casualty Insurance” (‘Standalone’ Terrorism Coverage & Captive Insurer) / TRIA Section 102(12) / 31 C.F.R. § 50.5(l).

“Property and Casualty Insurance” (Workers Compensation Deductible & Captive Insurer) / TRIA Section 102(12) / 31 C.F.R. § 50.5(l).

“Property and Casualty Insurance” (Workers Compensation Self Insurance) / TRIA Section 102(12) / 31 C.F.R. § 50.5(l).

“Property and Casualty Insurance” (Cell Phone Coverage) / TRIA Section 102(12) / 31 C.F.R. 50.5(l)

“Property and Casualty Insurance” (Stop-Loss Policies) / TRIA Section 102(12) / 31 C.F.R. §§ 50.5(l).

“Property and Casualty Insurance” (Animal Mortality) / TRIA Section 102(12) / 31 C.F.R. §§ 50.5(l).

Last Updated: March 6, 2008