119 STAT. 2660
PUBLIC LAW 109–144—DEC. 22, 2005
Public Law 109–144 109th Congress An Act Dec. 22, 2005 [S. 467] Terrorism Risk Insurance Extension Act of 2005. 15 USC 6701 note.
To extend the applicability of the Terrorism Risk Insurance Act of 2002.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Terrorism Risk Insurance Extension Act of 2005’’. SEC. 2. EXTENSION OF TERRORISM RISK INSURANCE PROGRAM.
(a) PROGRAM EXTENSION.—Section 108(a) of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note; 116 Stat. 2336) is amended by striking ‘‘2005’’ and inserting ‘‘2007’’. (b) MANDATORY AVAILABILITY.—Section 103(c) of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note; 116 Stat. 2327) is amended— (1) by striking paragraph (2); (2) by striking ‘‘AVAILABILITY.—’’ and all that follows through ‘‘each entity’’ and inserting ‘‘AVAILABILITY.—During each Program Year, each entity’’; and (3) by redesignating subparagraphs (A) and (B) as paragraphs (1) and (2), respectively, and moving the margins 2 ems to the left. SEC. 3. AMENDMENTS TO DEFINED TERMS.
(a) PROGRAM YEARS.—Section 102(11) of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note; 116 Stat. 2326) is amended by adding at the end the following: ‘‘(E) PROGRAM YEAR 4.—The term ‘Program Year 4’ means the period beginning on January 1, 2006 and ending on December 31, 2006. ‘‘(F) PROGRAM YEAR 5.—The term ‘Program Year 5’ means the period beginning on January 1, 2007 and ending on December 31, 2007.’’. (b) EXCLUSIONS FROM COVERED LINES.— (1) IN GENERAL.—Section 102(12)(B) of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note; 116 Stat. 2326) is amended— (A) in clause (vi), by striking ‘‘or’’ at the end; (B) in clause (vii), by striking the period at the end and inserting a semicolon; and (C) by adding at the end the following: ‘‘(viii) commercial automobile insurance; ‘‘(ix) burglary and theft insurance; ‘‘(x) surety insurance;
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