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that provides life insurance coverage, including term 
life insurance coverage, universal life insurance cov-
erage, variable universal life insurance coverage, and 
accidental death coverage, or a combination thereof, 
for a number of individuals under a single contract, 
on the basis of a group selection of risks, but does 
not include ‘Corporate Owned Life Insurance’ or 
‘Business Owned Life Insurance,’ each as defined 
under the Internal Revenue Code of 1986, or any 
similar product, or group life reinsurance or 
retrocessional reinsurance. 
‘‘(17) AMOUNT AT RISK.—The term ‘amount at 
risk’ means face amount less statutory policy re-
serves for group life insurance issued by any insurer 
for insurance against losses occurring at the loca-
tions described in subparagraph (A) of paragraph 
(5).’’. 
(c) MANDATORY AVAILABILITY.—Section 103(c) of 
the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 
6701 note) is amended by striking ‘‘During each Program 
Year’’ and all that follows through ‘‘property and casualty 
insurance’’ in paragraph (2) and inserting the following: 
‘‘(1) AVAILABILITY OF COVERAGE FOR INSURED 
LOSSES.—During each Program Year, each entity 
that meets the definition of an insurer under section 
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102 shall make available, in all of its insurance poli-
cies for property and casualty insurance and in all 
of its insurance policies for group life insurance,’’. 
(d) FEDERAL SHARE OF COMPENSATION.—Section 
103(e)(1) of the Terrorism Risk Insurance Act of 2002 
(15 U.S.C. 6701 note) is amended by adding at the end 
the following new subparagraph: 
‘‘(D) LIMITATION ON COMPENSATION FOR 
GROUP LIFE INSURANCE.—Notwithstanding any 
other provision of this Act, the Federal share of 
compensation under the Program paid by the 
Secretary for insured losses of an insurer re-
sulting from coverage of any single certificate 
holder under any group life insurance coverages 
of the insurer may not during any Program 
Year exceed $1,000,000.’’. 
(e) 
SEPARATE
RETENTION
POOL.—Section 
103(e)(6)(E) of the Terrorism Risk Insurance Act of 2002 
(15 U.S.C. 6701 note) is amended by striking clauses (i) 
and (ii) and inserting the following new clauses: 
‘‘(i) for property and casualty insur-
ance, the lesser of— 
‘‘(I) $27,500,000,000; and 
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‘‘(II) the aggregate amount, for 
all such insurance, of insured losses 
during such Program Year; and 
‘‘(ii) for group life insurance, the less-
er of— 
‘‘(I) $5,000,000,000; and 
‘‘(II) the aggregate amount, for 
all such insurance, of insured losses 
during such Program Year.’’. 
(f) SEPARATE RECOUPMENT.—Section 103(e)(7) of 
the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 
6701 note), as amended by the preceding provisions of this 
Act, is further amended— 
(1) in subparagraph (A)— 
(A) in clause (i), by inserting ‘‘applicable’’ 
before ‘‘insurance’’; and 
(B) in clause (ii), by striking ‘‘all insurers’’ 
and inserting ‘‘all applicable insurers (pursuant 
to subparagraph (G))’’; 
(2) in subparagraph (B)— 
(A) in the heading, by inserting ‘‘APPLICA-
BLE’’ before ‘‘INSURANCE’’; and 
(B) by inserting ‘‘applicable’’ before ‘‘in-
surance’’; and 
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(3) by adding at the end the following new sub-
paragraph: 
‘‘(G) SEPARATE RECOUPMENT.—‘‘The Sec-
retary shall provide that— 
‘‘(i) any recoupment under this para-
graph of amounts paid for Federal finan-
cial assistance for insured losses for prop-
erty and casualty insurance shall be ap-
plied to property and casualty insurance 
policies; and 
‘‘(ii) any recoupment under this para-
graph of amounts paid for Federal finan-
cial assistance for insured losses for group 
life insurance shall be applied to group life 
insurance policies.’’. 
(g) POLICY SURCHARGE FOR TERRORISM LOSS RISK- 
SPREADING PREMIUMS.—Section 103(e)(8) of the Ter-
rorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) 
is amended— 
(1) in subparagraph (A)— 
(A) in the matter preceding clause (i), by 
striking ‘‘Any’’ and inserting ‘‘Subject to para-
graph (7)(G), any’’; 
(B) in clause (i), by inserting ‘‘and group 
life insurance policies’’ after ‘‘policies’’; and 
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(C) by striking clause (iii) and inserting 
the following new clause: 
‘‘(iii) be based on— 
‘‘(I) a percentage of the premium 
amount charged for property and cas-
ualty insurance coverage under the 
policy; and 
‘‘(II) a percentage of the amount 
at risk for group life insurance cov-
erage under the policy.’’; and 
(2) in subparagraph (C)— 
(A) by inserting ‘‘with respect to property 
and casualty insurance,’’ after ‘‘annual basis,’’; 
and 
(B) by inserting before the period at the 
end the following: ‘‘and, with respect to group 
life insurance, the amount equal to 0.0053 per-
cent of the amount at risk for covered lines 
under the policy’’. 
SEC. 7. LARGE EVENT RESET. 
The Terrorism Risk Insurance Act of 2002 (15 
U.S.C. 6701 note) is amended— 
(1) in section 102(7)— 
(A) in subparagraph (F), by striking 
‘‘and’’ at the end; 
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(B) in subparagraph (G), by striking the 
period at the end and inserting ‘‘; and’’; and 
(C) by adding at the end the following new 
subparagraph: 
‘‘(H) notwithstanding subparagraph (F)(i), 
if aggregate industry insured losses resulting 
from a certified act of terrorism exceed 
$1,000,000,000, for any insurer that sustains 
insured losses resulting from such act of ter-
rorism, the value of such insurer’s direct earned 
premiums over the calendar year immediately 
preceding the Program Year, multiplied by a 
percentage, which— 
‘‘(i) for the Program Year consisting 
of calendar year 2008 shall be 5 percent; 
and 
‘‘(ii) for each Program Year there-
after, shall be 50 basis points greater than 
the percentage applicable to the preceding 
Program Year, except that if an act of ter-
rorism occurs during any such Program 
Year that results in aggregate industry in-
sured losses exceeding $1,000,000,000, the 
percentage for the succeeding Program 
Year shall be 5 percent and the increase 
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under this clause shall apply to Program 
Years thereafter; 
except that for purposes of determining under 
this subparagraph whether aggregate industry 
insured losses exceed $1,000,000,000, the Sec-
retary may combine insured losses resulting 
from two or more certified acts of terrorism oc-
curring during such Program Year in the same 
geographic area (with such area determined by 
the Secretary), in which case such insurer shall 
be permitted to combine insured losses resulting 
from such acts of terrorism for purposes of sat-
isfying its insurer deductible under this sub-
paragraph; and except that the insurer deduct-
ible under this subparagraph shall apply only 
with respect to compensation of insured losses 
resulting from such certified act, or combined 
certified acts, and that for purposes of com-
pensation of any other insured losses occurring 
in the same Program Year, the insurer deduct-
ible determined under subparagraph (F)(i) shall 
apply.’’; and 
(2) in section 103(e)(1)(B)— 
(A) in clause (ii), by striking the period at 
the end and inserting a semicolon; and 
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(B) by adding after and below clause (ii) 
the following: 
‘‘except that if a certified act of terrorism oc-
curs for which resulting aggregate industry in-
sured losses exceed $1,000,000,000, the appli-
cable amount for any subsequent certified act of 
terrorism shall be the amount specified in sec-
tion 102(1)(B)(ii).’’. 
SEC. 8. AVAILABILITY OF LIFE INSURANCE WITHOUT RE-
GARD TO LAWFUL FOREIGN TRAVEL. 
Section 103(c) of the Terrorism Risk Insurance Act 
of 2002 (15 U.S.C. 6701 note), as amended by the pre-
ceding provisions of this Act, is further amended by add-
ing at the end the following new paragraph: 
‘‘(2) AVAILABILITY OF LIFE INSURANCE WITH-
OUT REGARD TO LAWFUL FOREIGN TRAVEL.—Dur-
ing each Program Year, each entity that meets the 
definition of an insurer under section 102 and any 
other entity that issues insurance contracts that pro-
vide life insurance coverage shall make available, in 
all of its life insurance policies issued after the date 
of the enactment of the Terrorism Risk Insurance 
Program Reauthorization Act of 2007 under which 
the insured person is a citizen of the United States 
or an alien lawfully admitted for permanent resi-
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dence in the United States, coverage that neither 
considers past, nor precludes future, lawful foreign 
travel by the person insured, and shall not decline 
such coverage based on past or future, lawful foreign 
travel by the person insured or charge a premium 
for such coverage that is excessive and not based on 
a good faith actuarial analysis, except that an in-
surer may decline or, upon inception or renewal of 
a policy, limit the amount of coverage provided 
under any life insurance policy based on plans to en-
gage in future lawful foreign travel to occur within 
12 months of such inception or renewal of the policy 
but only if, at time of application— 
‘‘(A) such declination is based on, or such 
limitation applies only with respect to, travel to 
a foreign destination— 
‘‘(i) for which the Director of the Cen-
ters for Disease Control and Prevention of 
the Department of Health and Human 
Services has issued a highest level alert or 
warning, 
including 
a 
recommendation 
against non-essential travel, due to a seri-
ous health-related condition; 
‘‘(ii) in which there is an ongoing 
military conflict involving the armed forces 
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of a sovereign nation other than the for-
eign destination to which the insured per-
son is traveling; or 
‘‘(iii)(I) that the insurer has specifi-
cally designated in the terms of the life in-
surance policy at the inception of the pol-
icy or at renewal, as applicable; and 
‘‘(II) with respect to which the insurer 
has made a good-faith determination 
that— 
‘‘(aa) a serious fraudulent situa-
tion exists which is ongoing; and 
‘‘(bb) the credibility of informa-
tion by which the insurer can verify 
the death of the insured person is 
substantially compromised; and 
‘‘(B) in the case of any limitation of cov-
erage, such limitation is specifically stated in 
the terms of the life insurance policy at the in-
ception of the policy or at renewal, as applica-
ble.’’. 
SEC. 9. PROGRAM TRIGGER. 
Section 103(e)(1)(B)(ii) of the Terrorism Risk Insur-
ance Act of 2002 (15 U.S.C. 6701 note) is amended by 
striking ‘‘$100,000,000’’ and inserting ‘‘$50,000,000’’. 
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SEC. 10. APPLICABILITY. 
The amendments made by this Act shall apply begin-
ning on January 1, 2008. The provisions of the Terrorism 
Risk Insurance Act of 2002, as in effect on the day before 
the date of the enactment of this Act, shall apply through 
the end of December 31, 2007. 
Passed the House of Representatives December 12, 
2007. 
Attest: 
LORRAINE C. MILLER, 
Clerk. 
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