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This coverage must have a restrictive occurrence limit for the peril and we must determine that a potential event can only add an attritional loss to the portfolio and is subject to SVP approval.
o Property Catastrophe.
§ All quotations are subject to standard industry terrorism exclusionary language...
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We can consider specific terrorism coverage with the CUO's approval but we must always maintain a maximum event exposure to no more than $20 million.
FACULTATIVE
Property Facultative will only cover terrorism on a limited basis. Our exposure would be limited to no more than $1,500,000 sum insured on any one risk, $3,000,000 maximum sum insured (2X net) any one zip code...
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