US Codex
Bill
Notes

To require a report by the Comptroller General of the United States on a national all-hazards disaster insurance program.

H.R. 114 · 117th Congress · Jan 4, 2021 · Lineage

A BILL

Section 1 National all-hazards disaster insurance program

Not later than 320 days after the date of enactment of this Act, the Comptroller General of the United States shall submit to Congress a report on—
(1)
the feasibility and design of a national all-hazards disaster insurance program;
(2)
the risk of property owners continuing to underinsure or have no insurance on homes and the implications of those actions on the financial stability of the housing market;
(3)
the challenge of developing actuarial tables to determine premiums and the setting options for premium payments for disaster declaration policies to be collected annual, quarterly, or monthly; and
(4)
the challenges and feasibility of selling policies at the same time a property casualty policy is purchased.