Check a commercial property policy against the Terrorism Risk Insurance Program
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- From the policy, record whether it is commercial property or another line, whether terrorism is excluded or limited, and any certified-act wording. Do not decide that the federal program pays the loss.
- What the lawyer must review
- The Treasury Terrorism Risk Insurance Program page says the Terrorism Risk Insurance Act created a temporary federal program of shared public and private compensation for certain insured losses resulting from a certified act of terrorism, administered by the Secretary of the Treasury with the assistance of the Federal Insurance Office. The 2019 Reauthorization Act, Pub. L. 116-94, 133 Stat. 2534, extended the program through 31 December 2027. 15 U.S.C. § 1012(b) allows a federal Act to supersede state insurance law when the Act specifically relates to the business of insurance. You decide whether this policy and this loss are in the program. The opened page states no insurer deductible and no federal share percentage.
- Written for / version
- United States versionUS
Who does what
| Role | What they do |
|---|---|
| Assistance | Do not begin AI assistance until the responsible lawyer has defined and confirmed its permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.