July 30th, 2009

Global Terror Update: Malaysia

Posted at 1:00 AM ET

global_cover141x141There is no terror pool or government involvement in terror coverage. The Malaysian government has not enacted terror cover legislation, and it appears unlikely to do so, since it is satisfied with the availability of cover on an extension basis. Prior to January 1, 2002, terrorism was covered on an optional basis for both commercial and personal lines. After January 1, 2002, terrorism cover was excluded from all commercial and personal lines policies. Extensions, however, may be granted. 

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