A government body which, with its licensees, incurs a strict liability for injury, loss or damage arising from the operation of nuclear establishments. See NUCLEAR PERILS.
Insurance Encyclopedia
Atomic Energy Reinsurance Pool (Mutual Atomic Energy Reinsurance Pool)
A group of mutual insurance companies which reinsure Liability policies written on private nuclear energy reactors. Most insurance contracts exclude this coverage, and it can usually only be provided by a pool.
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Refer: “Reinsurance, Atomic Energy Reinsurance Pool (Mutual Atomic Energy Reinsurance Pool.”