21Terrorism reinsurance
This section has no associated Explanatory Notes
(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.”