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Reinsurance (Acts of Terrorism) Act 1993
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- UK Public General Acts
- 1993 c. 18
- Section 2
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2Reinsurance arrangements to which this Act applies
(1)This Act applies to arrangements under which the Secretary of State, with the consent of the Treasury, undertakes to any extent the liability of reinsuring risks against—
(a)loss of or damage to property in Great Britain resulting from or consequential upon acts of terrorism; and
(b)any loss which is consequential on loss or damage falling within paragraph (a) above;
and to the extent that the arrangements relate to events occurring before as well as after an agreement of reinsurance comes into being, the reference in section 1(1) above to the obligations of the Secretary of State shall be construed accordingly.
(2)In this section “acts of terrorism” means acts of persons acting on behalf of, or in connection with, any organisation which carries out activities directed towards the overthrowing or influencing, by force or violence, of Her Majesty’s government in the United Kingdom or any other government de jure or de facto.
(3)In subsection (2) above “organisation” includes any association or combination of persons.
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