“’In general, providing coverage under TRIP for damage inside the US from a foreign event would be best considered as a type of loss that was envisioned to fall under the umbrella of coverages under TRIP. Foreign events such as those contemplated in the Treasury’s inquiry would meet the intent of covered damage under TRIP and as such should be covered,’ the comment letter recommends.”
Source: Captive insurance regulation news | SIIA: Expand captive participation in TRIP for SMEs