CAS Exam 6C Fall 2013, Question 15
Study guide: Exam 6C
Part a (1 point)
Briefly describe the four criteria that must be met for a terrorism event to be certified under current Terrorism Risk Insurance Act (TRIA) rules.
Part b (0.5 points)
Identify two ways the private market could replace TRIA.
Part c (0.5 points)
Describe two arguments to support the position that TRIA is not insurance.
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