Were the charges for domestic and foreign terrorism collected separately in the past?
Yes. Prior to September 1, 2008, the premium for domestic terrorism coverage was collected as part of the catastrophe premium under the Domestic Terrorism, Earthquakes, and Catastrophic Industrial Accidents Premium Endorsement. Fifteen percent (15%) of that premium was just for domestic terrorism. The remainder of the premium (85 percent) was for earthquakes and catastrophic industrial accidents. With the new rate structure, premium for foreign and domestic terrorism coverage is combined under one rate, with premium for catastrophes under a separate rate.
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