What it is
The federal terrorism program has been extended several times by Congress with expiration dates. IL 09 95 was developed so a policy issued before a program deadline could set out what happens if the program ends, or its terms change, while the policy is in force. As its title states, the exclusion is "conditional" and relates to the disposition of the federal Act. It applies only if the triggering conditions in the endorsement occur. Otherwise the policy's terrorism coverage terms continue.
Where it is still seen
Some insurers continue to list IL 09 95 01 07 on current property policies alongside IL 09 52 and the TRIA disclosure IL 09 85 12 20. One example is a commercial property forms schedule for a 2023–2024 restaurant policy filed in federal court in 2024.
Related forms
- IL 09 96: conditional exclusion limited to nuclear, biological or chemical terrorism.
- IL 09 97: conditional sub-limit version.
- IL 00 30, IL 00 31 and IL 00 32: unconditional versions for terrorism outside the federal program.
Quoting and selling notes
- While the federal program remains in force on its current terms, the conditional exclusion usually has no effect. Review it whenever the program approaches an expiration or reauthorization date.
- If the client needs certainty, discuss a stand-alone terrorism policy.
