On April 28, 2020, the North Carolina Department of Insurance issued Bulletin 20-B-08, discussing certain provisions of the Terrorism Risk Insurance Program Reauthorization Act of 2019, which amends and extends the Terrorism Risk Insurance Act of 2002 (the Act) by reauthorization. Please review this bulletin carefully as submissions of rates, revised forms, and disclosure notices may need to be made. Further, please note that the reauthorized Act extends the Terrorism Risk Insurance Program through December 31, 2027.
For questions regarding filings in response to the reauthorized Act, or any assistance with your filing needs, please contact Westmont Associates, Inc.
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