PART 1Counter-Terrorism

CHAPTER 4Miscellaneous

21Terrorism reinsurance

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.