Media Release - September 4 2003

Terrorism Insurance Act 2003

This update provides intermediaries with an overview of how QBE Mercantile Mutual is applying the new Terrorism Premium.

Contents of the update include:

• What wording will apply to the Commercial Products?
• What products are classed as "Eligible" for the terrorism exclusion?
• Terrorism Premium Calculation examples
• How will your closings change?
• Specific Product Related Issues
- How are QBE Mercantile Mutual products affected?
• Appendices
a. Appendix I: Eligible Policies & Premium Classes list
b. Appendix II: Terrorism Districts (valid as at 28 August 2003)
c. Appendix III: Manual Conversion Chart
d. Appendix IV: Manual Rate Converter
e. Terrorism Calculator

Terrorism Insurance Act 2003 - Please click the link to download.