MLchartDataset catalogue

Certified act of terrorism

Term · Insurance and risk management · MLC-T-INS-000733

An act of terrorism that meets specific criteria established by the Terrorism Risk Insurance Act (TRIA) and is certified by the Secretary of the Treasury, in concurrence with the Secretary of Homeland Security and the Attorney General. For an event to be certified, it must meet thresholds for property and casualty losses. Insurance coverage for certified acts of terrorism is subject to federal backstop provisions.

Table 1. Record
IdentifierMLC-T-INS-000733
FieldInsurance and risk management
SubjectCommercial Liability
Record as JSON 
{
  "id": "MLC-T-INS-000733",
  "term": "Certified act of terrorism",
  "field": "Insurance and risk management",
  "definition": "An act of terrorism that meets specific criteria established by the Terrorism Risk Insurance Act (TRIA) and is certified by the Secretary of the Treasury, in concurrence with the Secretary of Homeland Security and the Attorney General. For an event to be certified, it must meet thresholds for property and casualty losses. Insurance coverage for certified acts of terrorism is subject to federal backstop provisions.",
  "subject": "Commercial Liability",
  "url": "https://mlchart.com/terminology/insurance/certified-act-of-terrorism/"
}

Record 517 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.