Treasury Department Proposed Rule: Updated Regulations in Light of Terrorism Risk Insurance Program Reauthorization Act of 2019, for Other Purposes
The proposed rule was issued by
DATES: Comments must be in writing and received by
ADDRESSES:
Please submit comments electronically through the Federal eRulemaking Portal: http://www.regulations.gov, or by mail (if hard copy, preferably an original and two copies) to the Federal Insurance Office, Attention:
In general, comments received will be posted on http://www.regulations.gov without change, including any business or personal information provided. Comments received, including attachments and other supporting materials, will be part of the public record and subject to public disclosure. Do not enclose any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure.
FOR FURTHER INFORMATION CONTACT:
* * *
In addition,
SUPPLEMENTARY INFORMATION:
I. Background
The Terrorism Risk Insurance Act (TRIA)[1] was enacted following the attacks on
The Program was originally scheduled to terminate on
While
The changes are explained below in the context of the proposed rules.
II. Program Regulations
Rules establishing general provisions implementing the Program, including key definitions, and requirements for policy disclosures and mandatory availability, can be found in Subparts A, B, and C of 31 CFR part 50.
Dated:
Deputy Assistant Secretary for Financial Institutions Policy.
[FR Doc. 2020-24522 Filed 11-9-20;
BILLING CODE P
The document is published in the
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