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On nov. 26, 2002, the Terrorism Risk Insurance Act of 2002 was signed into law, and became effective immediately. Public Law 107-297, 116 Stat. 2322. See www.treasury.gov/trip. As the act has been in effect for less than a year, there is still extensive debate as to whether it will achieve its objectives of making insurance coverage of the risk of terrorism available and affordable.
July 21, 2003 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
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