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<br /> Travelers <br /> IMPORTANT DISCLOSURE NOTICE OF TERRORISM <br /> INSURANCE COVERAGE <br /> On November 26, 2002, President Bush signed into law the <br /> Terrorism Risk Insurance Act of 2002 (the "Act"). The Act <br /> establishes a short-term program under which the Federal <br /> Government will share in the payment of covered losses <br /> caused by certain acts of international terrorism. We are <br /> providing you with this notice to inform you of the key features <br /> of the Act, and to let you know what effect, if any, the Act will <br /> have on your premium. <br /> Under the Act, insurers are required to provide coverage for <br /> certain losses caused by international acts of terrorism as <br /> defined in the Act. The Act further provides that the Federal <br /> Government will pay a share of such losses. Specifically, the <br /> Federal Government will pay 90% of the amount of covered <br /> losses caused by certain acts of terrorism which is in excess <br /> of Travelers' statutorily established deductible for that year. <br /> The Act also caps the amount of terrorism-related losses for <br /> which the Federal Government or an insurer can be <br /> responsible at $100,000,000,000.00, provided that the insurer <br /> has met its deductible. <br /> Please note that passage of the Act does not result in any <br /> change in coverage under the attached policy or bond (or the <br /> policy or bond being quoted). Please also note that no <br /> separate additional premium charge has been made for the <br /> terrorism coverage required by the Act. The premium charge <br /> that is allocable to such coverage is inseparable from and <br /> imbedded in your overall premium, and is no more than one <br /> percent of your premium. <br /> r T········ <br />