PART 1 U.K.Counter-Terrorism

CHAPTER 4E+WMiscellaneous

21Terrorism reinsuranceE+W+S

(1)Section 2 of the Reinsurance (Acts of Terrorism) Act 1993 (reinsurance arrangements to which the Act applies) is amended as follows.

(2)In subsection (1)—

(a)omit “and” at the end of paragraph (a);

(b)after paragraph (b) insert and

(c)any loss which falls within subsection (1A);.

(3)After subsection (1) insert—

(1A)Loss falls within this subsection if—

(a)it results from interruption to business carried on in Great Britain, and

(b)the interruption results from or is consequential upon acts of terrorism.