IL 09 98 Disclosure of Premium Through End of Year For Certified Acts of Terrorism Coverage (Pursuant to Terrorism Risk Insurance Act)

An Insurance Services Office (ISO) standard form. Disclosure of the premium for certified terrorism coverage through the end of the year, the federal share of terrorism losses and the $100 billion annual cap on federal and insurer payments under the Terrorism Risk Insurance Act.

1. 12 20 edition

   Dec 2020, compared with 01 15Latest edition

   • The schedule now states a fixed 80% federal share of terrorism losses instead of blank percentages by year.

     01 15

     “Federal share of terrorism losses ____ % Year: 20”

     12 20

     “Federal share of terrorism losses 80 %”

2. 01 15 edition

   Jan 2015, compared with 01 07

   • The federal share is now the percentage shown in the schedule or declarations, replacing the stated 90% and 85% shares for 2006 and 2007 losses.

     01 07

     “For losses occurring in 2006, the federal share equals 90%”

     01 15

     “The federal share equals a percentage (as shown in Part II of the Schedule”

   • Adds the $100 billion annual cap on Treasury payments and on the insurer's payment of certified terrorism losses once its deductible is met.

     01 07

     Not in this edition

     01 15

     “Act exceed $100 billion in a calendar year and we have met our insurer deductible”

Filed by one company only: 05 04 (6 filings).

Where filings record what this form replaced, they name other forms IL 09 88. Only some filings record replacements.

• Edition in use: in the past 12 months, 32 companies filed the 12 20 edition and 2 companies filed 01 15.
• The 05 04 edition appears only in filings from one company (6 filings in 1 state since Dec 30, 2022), which suggests a carrier-specific version.
• IL 09 85 (Disclosure Pursuant to Terrorism Risk Insurance Act) is filed alongside it most often, in 246 of the same filings (88%).

Data from admitted P&C filings with state insurance departments, submitted Oct 2021 to Oct 2026, excluding withdrawn and rejected filings. One filing can cover several affiliated companies.

• IL 09 85Disclosure Pursuant to Terrorism Risk Insurance Act246 filings
• IL 09 99Disclosure of Premium and Estimated Premium for Certified Acts of Terrorism Coverage (Pursuant to Terrorism Risk Insurance Act)201 filings
• IL 00 17Common Policy Conditions166 filings
• IL 00 03Calculation of Premium121 filings
• IL 12 01Policy Changes104 filings
• CG 04 35Employee Benefits Liability Coverage82 filings
• CG 21 70Cap on Losses From Certified Acts of Terrorism82 filings
• CG 20 27Additional Insured - Co-Owner of Insured Premises79 filings
• CG 20 01Primary and Noncontributory - Other Insurance Condition78 filings
• CG 20 05Additional Insured - Controlling Interest78 filings