State Codes and Statutes

Statutes > Connecticut > Title38a > Chap700 > Sec38a-307a

      Sec. 38a-307a. Terrorism exclusion in commercial risk insurance policies. When permitted. Conditions. From July 1, 2004, until the expiration of the Terrorism Insurance Program established in the federal Terrorism Risk Insurance Act of 2002 (P.L. 107-297), as amended from time to time, for a commercial risk insurance policy, the standard form of fire insurance policy set forth in section 38a-307 may provide that the company shall not be liable for loss by fire or other perils insured against in the policy caused, directly or indirectly, by terrorism, as defined by the Insurance Commissioner, provided the premiums charged for such policy shall reflect any savings projected from the exclusion of such perils.

      (P.A. 04-140, S. 1.)

      History: P.A. 04-140 effective July 1, 2004.