Data Dictionary for Terrorism Risk Insurance Program (TRIP) 2017 Data Collection (OMB Form No. 1505-____; Expiration Date: __/__/20__): Captive Insurers | ||
Section | Field Name | Comments |
Insurer Group Affiliations | ||
B4 | Group Code (NAIC or as assigned by Aggregator) | To the extent you are part of a group and have number assigned for state regulatory reporting purposes, please enter that figure. If part of a group and you do not have such a number, you will be assigned one by the Aggregator for reporting purposes. If not part of a group, leave blank and report for the individual company in Cell B9. |
C4 | Insurer Group Name | Provide name as used by reporting insurer group. If not part of a group, leave blank and report for the individual company in Cell C9. |
B9-B27 | Company Code (NAIC or as assigned by Aggregator) | As used for state regulatory reporting purposes. Enter information for each company within an affiliated group of insurers (as reported in Cells B4 and C4), or report for individual company if not part of a group in Cell B9. If you do not have such a number, you will be assigned one by the Aggregator for reporting purposes. |
C9-C27 | Insurance Company Name | Provide name as used by reporting insurance company. Enter information for each company within an affiliated group of insurers (as reported in Cells B4 and C4) , or report for individual company if not part of a group. |
D9-D27 | Type of Insurer | Select the type of insurer (Captive, Offshore Licensed Captive, or Risk Retention Group) that best describes the operations of the reporting insurer as respects the Terrorism Risk Insurance Program. Offshore captive insurers that are licensed to write insurance in any U.S. jurisdiction, and which write terrorism risk insurance subject to the Program are required to report, and should identify themselves with the OLC Code as indicated. |
G3 | Total 2015 Net Admitted Assets | Enter figure in Cell H3 as reported by insurance group or reporting insurance company for state regulatory purposes on its Annual Statement for 2015 at Page 2, Line 28, Column 3. To the extent you do not report this figure for state regulatory purposes, report a net admitted assets figure for 2015 based upon an equivalent methodology. |
G4 | Total 2015 Policyholder Surplus | Enter figure in Cell H4 as reported by insurance group or reporting insurance company for state regulatory purposes on its Annual Statement for 2015 at Page 3, Line 37, Column 1. To the extent you do not report this figure for state regulatory purposes, report a policyholder surplus figure for 2015 based upon an equivalent methodology. |
G5 | Total 2015 TRIP-Eligible DEP (all lines) | Enter figure in Cell H5 that is the sum of C22 in the Premium (Juris.) Worksheet for 2015 TRIP-Eligible Direct Earned Premium (DEP), all lines, for all jurisdictions. |
G6 | Total 2016 TRIP-Eligible DEP (all lines) | Enter figure in Cell H6 that is the figure entered in Cell D18 in the Premium (Juris.) Worksheet for 2016 TRIP-Eligible DEP, all lines, for all jurisdictions. |
Premium By Jurisdiction | ||
B2 | Jurisdiction | Identify jurisdiction (US State, the District of Columbia, or US Territory) for which information is provided. Make a separate copy of this Worksheet for each jurisdiction in which premium is earned. Premium should be allocated in the same fashion that it is for state reporting and premium tax purposes. Accordingly, coverage written by captive insurers may be allocated in full to their state of domicile or licensure. This allocation approach should be followed in the other worksheets as well where information is sought concerning premium and exposures by jurisdiction, except in the case of the Geographic Exposures worksheet, which seeks information based upon where the exposures identified are actually located, regardless of the manner in which the premium may have been allocated. |
B6-B17 | TRIP-Eligible Line of Coverage | Commercial Lines of Insurance subject to TRIP, as per 31 CFR 50.4(w). Reporting captive insurers should allocate their premium by these lines, even if they do not currently report premium to their state regulator in that fashion. These differ for purposes of state regulatory reporting on the NAIC Exhibit of Premiums and Losses (commonly known as Statutory Page 14) as follows: · Allied Lines (Line 2.1) should not include Federal crop insurance or any other type of crop insurance privately issued or reinsured. · The figures for Workers' Compensation (Line 16) should not include Excess Workers' Compensation (identified as sub-type of insurance 16.003 on the NAIC's Uniform Property & Casualty Product Coding Matrix and otherwise reported under Line 17.3). Report Excess Workers' Compensation Premium separately as indicated. In addition, only report Workers' Compensation Premium (Line 16) collected when writing such coverage on an admitted basis; do not report premium associated with reimbursement or reinsurance mechanisms associated with a policyholder deductible under a different policy. Premium associated with deductible reimbursement or reinsurance mechanisms should only be reported on the WC Deductible Reimbursement sheet as requested. · Other Liability (Line 17) should not include Professional Errors and Omissions Liability Insurance [see 31 CFR 50.4(t)] or Excess Workers' Compensation Premium which is entered separately as noted above. · Notwithstanding the provisions of 31 CFR 50.33, for purposes of this collection reporting insurers do not need to make the premium adjustments in connection with residual market mechanisms provided for under that rule. |
C6-C17 | NAIC Line (Commercial Only) | Line of Insurance number as used for state regulatory reporting purposes on the NAIC Exhibit of Premiums and Losses (commonly known as Statutory Page 14). |
D6-D17 | Total 2016 TRIP-Eligible DEP (all policies) | Total direct earned premium (DEP) for 2016 charged for the lines in question. Generally, DEP figures are to be reported for purposes of this Worksheet as they are reported for state regulatory purposes (on Statutory Page 14), subject to the adjustments to the NAIC Line descriptions identified in connection with the instructions for Column B. To the extent an insurer does not use Statutory Page 14 for purposes of state regulatory reporting, the insurer should seek to allocate its direct earned premium in a fashion consistent with those categories for purposes of completing these worksheets. In addition, DEP should be included in the calculations for all Worksheets only to the extent that commercial property and casualty coverage is issued for losses at the following locations: (1) Within the United States; (2) In the case of an air carrier (as defined in section 40102 of title 49, United States Code), or a United States flag vessel (or a vessel based principally in the United States, on which United States income tax is paid and whose insurance coverage is subject to regulation in the United States), losses occurring anywhere; and (3) At the premises of any United States mission. The figures reported in this column will be the sum of the respective figures in Columns E-G. To the extent a captive insurer wrote TRIP-eligible lines of insurance in 2016, but has not provided any terrorism risk insurance subject to the Program under any policy that it has issued, it does not need to submit this report. This is also the case even if the captive insurer provided terrorism risk insurance in years prior to 2016. |
E6-E17 | Total 2016 TRIP-Eligible DEP when Terrorism Risk Coverage Not Purchased | Total DEP for 2016 charged for the line in question under policies when Terrorism Risk Coverage was not purchased by the policyholder. If you do not provide any Terrorism Risk Coverage subject to the Program under any policy, do not complete this form; you are not obligated to report any information. All information in this column should be reported, by jurisdiction, on a consolidated insurer group basis, unless reporting for a single insurer. |
F6-F17 | Total 2016 TRIP-Eligible DEP when Terrorism Risk Coverage Provided for Disclosed $0 Charge | Total DEP for 2016 charged for the line in question under policies when Terrorism Risk Coverage was provided by the insurer to the policyholder for a disclosed $0 charge. All information in this column should be reported, by jurisdiction, on a consolidated insurer group basis, unless reporting for a single insurer. |
G6-G17 | Total 2016 TRIP-Eligible DEP when Terrorism Risk Coverage Premium Charged | Total DEP for 2016 charged for the line in question under policies when Terrorism Risk Coverage was provided by the insurer to the policyholder for a disclosed non-$0 charge. All information in this column should be reported, by jurisdiction, on a consolidated insurer group basis, unless reporting for a single insurer. |
H6-H17 | Total 2016 Disclosed Terrorism Risk Coverage DEP Charged | Amount of the 2016 terrorism risk DEP charged as a component of the TRIP-Eligible DEP figure in Cells G6-G17. |
B20 | All disclosed terrorism risk premium collected in all TRIP-eligible lines, 2003-2016 | Provide the total terrorism risk DEP collected in all TRIP-eligible lines for all years from 2003 through 2016, combined. Include in this figure Terrorism Risk DEP for lines that were TRIP-eligible at the time of writing but are no longer TRIP-eligible today (e.g., Commercial Automobile from 2003-2005). |
B21 | Years provided in Cell C20 if not fully available for 2003-2016 | If data is not available for all years (or the insurer was not writing TRIP-eligible coverage in all years), indicate the years covered by the figure that is provided (using four-digit years separated with a hyphen -- e.g., 2010-2016). |
B22 | Total 2015 TRIP-eligible DEP (all lines) | The requested figure for total 2015 TRIP-eligible DEP (all lines) to be reported in Cell C22 should be calculated in the same fashion as TRIP-eligible DEP for 2016 as requested in this Worksheet, only consolidated by all TRIP-eligible lines. |
Workers' Compensation Deductible Reimbursement | ||
2 | 2016 DEP for Policies Providing for Reimbursement of Workers' Compensation Deductibles of Insured | Report 2016 information on a consolidated insurer group basis (unless reporting for a single insurer), nationwide, without reference to individual jurisdictions in which premium is earned. Enter information here if you issue policies providing for reimbursement of deductibles charged to insureds under workers' compensation policies issued by other insurers. |
3 | 2016 Total Payroll under Policies Providing for Reimbursement of Workers' Compensation Deductibles of Insured | Identify the payroll amount associated with the policy premium disclosed in connection with the information provided at Line 2. |
4 | 2016 Maximum Per Claimant Deductible Amount Subject to Reimbursement under Policies Providing for Reimbursement of Workers' Compensation Deductibles of Insured | Enter here the largest individual per claimant deductible amount under any of the policies subject to the premium information disclosed at Line 2. |
5 | 2016 Aggregate Limit (if any) of Policies Providing for Reimbursement of Workers' Compensation Deductibles | Enter here any total aggregate limit under the policies subject to the premium information disclosed at Line 2. |
Standalone Terrorism (Nationwide) | ||
3 | 2016 DEP for Standalone Terrorism Policies | Report 2016 information on a consolidated insurer group basis (unless reporting for a single insurer), nationwide, without reference to individual jurisdictions in which premium is earned. Enter information here if you issue "standalone" policies covering terrorism risk only, whether pursuant to TRIP, or otherwise as defined in the particular policy. Policies that cover any non-terrorism risks are not subject to this worksheet. Direct earned premium (DEP) as requested for these policies should also be otherwise included in the Policies and DEP (Juris.) Worksheet associated with the appropriate line of coverage. |
4 | Portion of 2016 DEP for TRIP Certified Terrorism Loss Coverage | Identify the 2016 portion, if any, of the DEP disclosed in connection with the premium figure in Line 4 as being for insurance coverage subject to TRIP. |
5 | Portion of 2016 DEP for Non-Certified Terrorism Loss Coverage | Identify the 2016 portion, if any, of the DEP associated with the policies encompassed by Line 4 that was charged in connection with terrorism risk insurance that is not subject to TRIP. |
6 | 2016 Number of Standalone Terrorism Policies Issued | Provide the 2016 policy count requested. |
7 | 2016 Number of Standalone Terrorism Policies Covering TRIP Loss Issued | Provide the 2016 policy count requested. |
8 | 2016 Property Insurance Exposure for Standalone Terrorism Policies Covering TRIP Loss | Provide the sum of the 2016 Property Insurance Exposure for any property coverage provided in connection with the premium figure in Line 3. This should include the total amount of the reporting insurer's exposure under the policies in question for a property loss (and thus not include amounts within an insured's deductible, etc.). To the extent the value of the insured's property is not fully insured by the policy in question, use the limits of the property insurance to which the insurer is exposed. |
9 | 2016 Total Limits of Liability for Standalone Terrorism Policies Covering TRIP Loss | Please provide the sum of the 2016 Limits of Liability for any liability coverage provided in connection with the premium figure in Line 3. Again, this figure should include the limits of the insurer's exposure, and not amounts for which the policyholder may remain responsible. |
Exposure Bases by Jurisdiction | ||
B2 | Jurisdiction | Identify jurisdiction (US State, the District of Columbia, or US Territory) for which information is provided. As noted above, the amounts in question may be allocated wholly to the captive insurer's domiciliary state in this particular worksheet. Make a separate copy of this Worksheet for each jurisdiction in which exposure exists. |
B6-B17 | TRIP-Eligible Line of Coverage | Commercial Lines of Insurance subject to TRIP, as per 31 CFR 50.4(w). Reporting captive insurers should allocate their premium by these lines, even if they do not currently report premium to their state regulator in that fashion. These differ for purposes of state regulatory reporting on the NAIC Exhibit of Premiums and Losses (commonly known as Statutory Page 14) as follows: Allied Lines (NAIC Line 2.1) should not include Federal crop insurance or any other type of crop insurance privately issued or reinsured. The figures for Workers' Compensation (NAIC Line 16) should not include Excess Workers' Compensation (identified as sub-type of insurance 16.003 on the NAIC's Uniform Property & Casualty Product Coding Matrix and otherwise reported under Line 17.3). Report Excess Workers' Compensation Premium separately as indicated. Other Liability (NAIC Line 17) should not include Professional Errors and Omissions Liability Insurance [see 31 CFR 50.4(t)] or Excess Workers' Compensation Premium, which is entered separately as noted above. Finally, and notwithstanding the provisions of 31 CFR 50.33, for purposes of this collection reporting insurers do not need to make the premium adjustments in connection with residual market mechanisms provided for under that rule. |
C6-C17 | NAIC Line (Commercial Only) | Line of Insurance number as used for state regulatory reporting purposes on the NAIC Exhibit of Premiums and Losses (commonly known as Statutory Page 14). |
D6-D17 | Total 2016 Property Insurance Exposure Subject to Terrorism Risk Coverage | Report 2016 information, by jurisdiction, on a consolidated insurer group basis, unless reporting for a single insurer. Enter the amount for each jurisdiction (based on property location) individually, even if an aggregate limit may limit exposure across multiple jurisdictions. The blacked out cells simply indicate that no data will be reportable for that particular cell, given the intersection between the TRIP-Eligible Line of Insurance and the exposure base in question. In this column, report your total property insurance exposure by line of insurance under all policies where terrorism risk coverage is provided in connection with property coverage. This should include (in this column as well as in other columns where the information is requested) the total amount of the reporting insurer's exposure under the policies in question for a property loss (and thus not include amounts within an insured's deductible, etc.). To the extent the value of the insured's property is not fully insured by the policy in question, use the limits of the property insurance to which the insurer is exposed. If the policy has an aggregate limit, use the aggregate limit; if it is subject to a per occurrence limit and not an aggregate limit, use the single occurrence limit. To the extent the policy exposure is based upon property values or annual sales and is not otherwise subject to a policy limit, use the property values or annual sales figures. |
E6-E17 | Total 2016 Property Insurance Exposure Not Subject to Terrorism Risk Coverage | In this column, report total property insurance exposure by line of insurance under all policies where terrorism risk coverage is not provided in connection with property coverage. |
F6-F17 | Total 2016 Limits of Liability Subject to Terrorism Risk Coverage | In this column, report the sums of policy limits of liability by line of insurance under all policies where terrorism risk coverage is provided in connection with liability coverage. |
G6-G17 | Total 2016 Limits of Liability Not Subject to Terrorism Risk Coverage | Report the sums of Limits of Liability by line of insurance under all policies where terrorism risk coverage is not provided in connection with liability coverage. |
H6-H17 | Total 2016 Payroll Subject to Terrorism Risk Coverage | Report 2016 sums of Payroll for Workers' Compensation and Excess Workers' Compensation under all policies. Payroll information for workers' compensation should only be provided in those cases where the captive insurer is licensed to write such insurance, and not if the captive insurer is providing reinsurance or reimbursement of a policyholder's deductible under a policy issued by another insurer. |
Policyholder Industry Code By State (NAICS) | ||
A2 | NAICS Code Number Most Applicable to the Businesses(es) Insured by the Captive Insurer | Reporting Captive Insurers should assess the nature of the business(es) of the policyholders that they insure and select the single code that best describes those operations. Use the NAICS Code listing to select the applicable code. |
Geographic Exposures (Nationwide) | ||
B3-B30 | Region | This Worksheet seeks exposure information by various metropolitan regions (B3-B28), then for the remainder of the US (including territories) as a whole (B29). Use a separate line (B30) to record policies for which location information is not available. Report information on a consolidated insurer group basis, unless reporting for a single insurer. |
C3-C30 | Description | Description of the metropolitan region (by zip code) to be used in connection with providing information. The descriptions are based upon definitions currently in use by private rating agencies. To the extent you do not track your data in this fashion, please report the information by the closest approximation of the US county and city jurisdictions involved. Although in prior sheets information is sought by where the premium is allocated for state reporting and tax purposes, the information sought in this sheet should be reported based upon where the property and workers' compensation exposures are actually located. |
D3-D30 | Total 2016 Payroll Subject to TRIP Coverage under Primary WC Coverage | Provide 2016 information respecting payroll figures in each identified area under primary workers' compensation coverage. Payroll information for workers' compensation should only be provided in those cases where the captive insurer is licensed to write such insurance, and not if the captive insurer is providing reinsurance or reimbursement of a policyholder's deductible under a policy issued by another insurer. |
E3-E30 | Total 2016 Payroll Subject to TRIP Coverage under Excess WC Coverage | Provide 2016 information respecting payroll figures in each identified area under excess workers' compensation coverage. Payroll information for workers' compensation should only be provided in those cases where the captive insurer is licensed to write such insurance, and not if the captive insurer is providing reinsurance or reimbursement of a policyholder's deductible under a policy issued by another insurer. |
F3-F30 | Total 2016 Property Insurance Exposure Subject to TRIP Property Coverage | Provide 2016 information respecting property insurance exposure in each identified area that is subject to TRIP Property Coverage. This should include (in this column as well as in other columns where the information is requested) the total amount of the reporting insurer's exposure under the policies in question for a property loss (and thus not include amounts within an insured's deductible, etc.). To the extent the value of the insured's property is not fully insured by the policy in question, use the limits of the property insurance to which the insurer is exposed. |
G3-G30 | Total 2016 Property Insurance Exposure Not Subject to TRIP Property Coverage | Provide 2016 information respecting property insurance exposure in each identified area that is not subject to TRIP Property Coverage. |
C35-C39 | ZIP Code of Top 5 Largest Accumulated Exposure Locations by Payroll (Metropolitan Regions) | Provide the zip codes for the top 5 aggregations of payroll exposure from the list of 26 metropolitan regions provided in Cells B3-B28. Accordingly, zip codes entered into this field will not necessarily correspond to 5 different regions (a company could conceivably have its top 5 aggregations within the same city). |
D35-D39 | Amount of Top 5 Largest Accumulated Exposure Locations by Payroll (Metropolitan Regions) | Provide the amount of accumulated payroll exposure for the corresponding zip code found in Cells C35-C39. |
E35-E39 | ZIP Code of Top 5 Largest Accumulated Exposure Locations by Property Insurance Exposure subject to TRIP Property Coverage (Metropolitan Regions) | Provide the zip codes for the top 5 aggregations of property insurance exposure from the list of 26 metropolitan regions provided in Cells B3-B28. Accordingly, zip codes entered into this field will not necessarily correspond to 5 different regions (a company could conceivably have its top 5 aggregations within the same city). |
F35-F39 | Amount of Top 5 Largest Accumulated Exposure Locations by Property Insurance Exposure subject to TRIP Property Coverage (Metropolitan Regions) | Provide the amount of accumulated property insurance exposure for the corresponding zip code found in Cells C35-C39. |
C43-C47 | ZIP Code of Top 5 Largest Accumulated Exposure Locations by Payroll (Non-Metropolitan Areas) | Provide the zip codes for the top 5 aggregations of payroll exposure from non-metropolitan areas included in Cell C29. If non-allocated exposures from Cell C30 fall within the top 5 aggregations, enter them here using a zip code of 99999. |
D43-D47 | Amount of Top 5 Largest Accumulated Exposure Locations by Payroll (Non-Metropolitan Areas) | Provide the amount of accumulated payroll exposure for the corresponding zip code found in Cells C43-C47. |
E43-E47 | ZIP Code of Top 5 Largest Accumulated Exposure Locations by Property Insurance Exposure subject to TRIP Property Coverage (Non-Metropolitan Areas) | Provide the zip codes for the top 5 aggregations of property insurance exposure from non-metropolitan areas included in Cell C29. If non-allocated exposures from Cell C30 fall within the top 5 aggregations, enter them here using a zip code of 99999. |
F43-F47 | Amount of Top 5 Largest Accumulated Exposure Locations by Property Insurance Exposure subject to TRIP Property Coverage (Non-Metropolitan Areas) | Provide the amount of accumulated property insurance exposure for the corresponding zip code found in C43-C47. |
49 | ZIP Code Associated with Largest Probable Maximum Loss (PML) | Provide the ZIP code for the insurer group or reporting company's largest Probable Maximum Loss (in all lines) at a single street level address location, assuming the detonation of a 2.5-7.5 ton truck bomb at that location (with the range permitting the reporting insurer to use the blast size that it typically uses in connection with such analyses). If you do not typically perform such analyses, use the blast radius estimates found in the Reinsurance (Nationwide) Worksheet, Line 27. |
50 | Largest PML at a Single Location (Amount) | Provide the amount of the insurer group or reporting company's largest Probable Maximum Loss at the location identified in Cell D49, assuming the detonation of a 2.5-7.5 ton truck bomb at that location (with the range permitting the reporting insurer to use the blast size that it typically uses in connection with such analyses). |
Reinsurance (Nationwide) | ||
3 | Size of TRIP 2016 Deductible (Cell H5 of Insurer Group Affiliations Worksheet x 20%) | The TRIP 2016 Deductible by Insurer Group is based upon the TRIP-Eligible DEP for the Group during the prior calendar year, which is reported at Cell H5 of the Insurer Group Affiliations Worksheet. |
4 | Total 2016 Limits Any One Loss of Purchased Reinsurance Covering TRIP Loss | This Worksheet is set up as a questionnaire, with certain amounts requested, yes or no answers sought, and associated explanation to the extent necessary. As a result, and unlike the other worksheets, the data sought may be more easily obtainable from an individual with knowledge of the reinsurance arrangements of the reporting entity, as distinguished from the mechanism of data queries to existing systems. Report information on a consolidated insurer group basis, unless reporting for a single insurer. Include only reinsurance purchased from an outside reinsurer, and exclude reinsurance provided by a parent, affiliate, or other related entity. In this field, report your reinsurance per loss limit covering loss subject to TRIP for 2016. |
5 | Total 2016 Aggregate Limits of Purchased Reinsurance Covering TRIP Loss | Report your 2016 maximum aggregate reinsurance limit per calendar year for loss subject to TRIP. |
6 | 2016 Attachment Point of Purchased Treaty Reinsurance Covering TRIP Loss | Provide the 2016 attachment point at which any treaty reinsurance covering loss subject to TRIP applies. |
7 | 2016 Co-Participation Share of Purchased Treaty Reinsurance Covering TRIP Loss | Provide the 2016 co-participation share, if any, of your purchased treaty reinsurance covering TRIP exposure. |
8 | Total 2016 Limits Any One Loss of Purchased Reinsurance Covering Natural Catastrophic Loss | Report your 2016 reinsurance per loss limit covering natural catastrophic loss for 2016. |
9 | Total 2016 Aggregate Limits of Purchased Reinsurance Covering Natural Catastrophic Loss | Report your 2016 maximum aggregate reinsurance limit per calendar year for natural catastrophic loss. |
10 | 2016 Attachment Point of Purchased Treaty Reinsurance Covering Natural Catastrophic Loss | Provide the 2016 attachment point at which any treaty reinsurance covering natural catastrophic loss applies. |
11 | 2016 Co-Participation Share of Purchased Treaty Reinsurance Covering Natural Catastrophic Loss | Provide the 2016 co-participation share, if any, of your purchased treaty reinsurance covering natural catastrophic loss. |
12 | Any reinsurance exclusions for TRIP Certified Foreign Acts of Terrorism? | Indicate whether during 2016 reinsurance that you purchased has any exclusions for TRIP certified acts of terrorism caused by foreign individuals or actors. |
13 | Any reinsurance exclusions for TRIP Certified Domestic Acts of Terrorism? | Indicate whether during 2016 reinsurance that you purchased has any exclusions for TRIP certified acts of terrorism caused by domestic acts of terrorism. |
14 | Reinsurance for NBCR WC Exposures Resulting from Certified Acts of Terrorism? | Indicate whether reinsurance that you obtained for calendar year 2016 provides any coverage for workers' compensation losses involving TRIP certified acts of terrorism resulting from nuclear, biological, chemical or radiological (NBCR) exposures. |
15 | If Yes, Total 2016 Limits of NBCR Reinsurance for Certified Acts of Terrorism involving WC Loss | Provide the limits of any reinsurance identified in Line 14 that you purchased for calendar year 2016. |
16 | If Yes, 2016 Attachment Point of NBCR Reinsurance for Certified Acts of Terrorism involving WC Loss | Provide the attachment point of any reinsurance identified in Line 14 that you purchased for calendar year 2016. |
17 | If Yes, 2016 Co-Participation Share (if any) of NBCR Reinsurance For Certified Acts of Terrorism involving WC Loss | Provide the co-participation share, if any, of any reinsurance identified in Line 14 that you purchased for calendar year 2016. |
18 | Reinsurance for NBCR Property Loss Resulting from Certified Acts of Terrorism? | Indicate whether reinsurance that you obtained for calendar year 2016 provides any coverage for property losses involving TRIP certified acts of terrorism resulting from NBCR exposures. |
19 | If Yes, Total 2016 Limits of NBCR Reinsurance for Certified Acts of Terrorism involving Property Loss | Provide the limits of any reinsurance identified in Line 18 that you purchased for calendar year 2016. |
20 | If Yes, 2016 Attachment Point of NBCR Reinsurance for Certified Acts of Terrorism involving Property Loss | Provide the attachment point of any reinsurance identified in Line 18 that you purchased for calendar year 2016. |
21 | If Yes, 2016 Co-Participation Share (if any) of NBCR Reinsurance for Certified Acts of Terrorism involving Property Loss | Provide the co-participation share, if any, of any reinsurance identified in Line 18 that you purchased for calendar year 2016. |
22 | Reinsurance for NBCR Liability Loss Resulting from Certified Acts of Terrorism? | Indicate whether reinsurance that you obtained for calendar year 2016 provides any coverage for liability losses involving TRIP certified acts of terrorism resulting from NBCR exposures. |
23 | If Yes, Total 2016 Limits of NBCR Reinsurance for Certified Acts of Terrorism involving Liability Loss | Provide the limits of any reinsurance identified in Line 22 that you purchased for calendar year 2016. |
24 | If Yes, 2016 Attachment Point of NBCR Reinsurance for Certified Acts of Terrorism involving Liability Loss | Provide the attachment point of any reinsurance identified in Line 22 that you purchased for calendar year 2016. |
25 | If Yes, 2016 Co-Participation Share (if any) of NBCR Reinsurance for Certified Acts of Terrorism involving Liability Loss | Provide the co-participation share, if any, of any reinsurance identified in Line 22 that you purchased for calendar year 2016. |
26 | Any other reinsurance exclusions specifically applicable to Certified Acts of Terrorism under TRIP? | To the extent not identified in any of your prior responses, identify any exclusions in your 2016 reinsurance contracts that could operate to preclude coverage for losses arising from a TRIP certified act of terrorism. |
27-34 | Loss to Group or Company within TRIP Deductible, Private Reinsurance Recovery, Deductible/Retention of Insureds, Claim under TRIP, Co-Pay Obligation | The last series of questions seeks information as to how a particular defined loss event would likely affect the responding insurer group or reporting insurer, in terms of the total projected loss it would likely sustain (Line 28), with that amount divided into six categories: (1) deductible or retention obligation of insureds under triggered policies (Line 29); (2) net loss to group or company within TRIP deductible, net of policyholder obligations or private reinsurance (Line 30); (3) any private reinsurance recovery of amounts within the reporting insurer's deductible (Line 31); (4) projected recovery from TRIP (Line 32); (5) the net loss of the insurer group or reporting individual insurer above its deductible within the co-pay obligation (Line 33); and (6) any private reinsurance recovery of amounts above the reporting insurer's deductible within the co-pay obligation (Line 34). In terms of making these calculations, use the definitions, instructions and assumptions found in the Worksheet at Line 27. The identification of the truck bomb in question as between 2.5 and 7.5 tons is intended to permit reporting companies to use blast scenario assumptions that they would typically use in internal modeling projections. When responding to these questions, you may use the modeling assumptions that you typically use for blast scenario modeling for a blast of this size. If you do not typically employ any such scenario, please provide estimates using the parameters identified on the worksheet. It is understood that not all reporting insurers will anticipate losses under the stated scenario. |
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