3.0.0 1607 2023-01-15T07:02:59Z 2023-01-15T07:02:59Z Senate S S 2003-09-11 108 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2003-09-11T16:35:33Z 2003-09-11 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2003-09-11 Introduced in Senate IntroReferral 10000 9 Library of Congress G000359 Sen. Graham, Lindsey [R-SC] Lindsey Graham R SC N D000601 Sen. Dole, Elizabeth [R-NC] Elizabeth Dole R NC H. 2003-09-16 False Finance and Financial Sector Apartment houses Auctions Auditing Building laws Commerce Condominium (Housing) Congress Congressional investigations Congressional reporting requirements Cooperative housing Disaster insurance Earthquakes Economics and Public Finance Emergency Management Federal advisory bodies Fires Floods Government Operations and Politics Government liability Government paperwork Government publicity Government trust funds Housing and Community Development Hurricanes Income tax Indexing (Economic policy) Insurance companies Insurance premiums Law Property insurance Reinsurance Restrictive trade practices State laws Tsunamis Water Resources Development Finance and Financial Sector 00 2003-09-11 Introduced in Senate 2003-10-02T15:10:46Z Homeowners' Insurance Availability Act of 2003 - Instructs the Secretary of the Treasury to implement a reinsurance coverage program available only through contracts for reinsurance coverage purchased at regional auctions.

States that the purpose of the program is to improve: (1) the availability of homeowners' insurance for the purpose of facilitating the pooling, and spreading the risk, of catastrophic financial losses from disasters; and (2) the solvency of the homeowners' insurance markets.

Prescribes implementation guidelines that include establishment: (1) in the Treasury of the Disaster Reinsurance Fund; and (2) of a National Commission on Catastrophe Risks and Insurance Loss Costs.

]]> Homeowners' Insurance Availability Act of 2003 Display Title Homeowners' Insurance Availability Act of 2003 Official Title as Introduced A bill to establish a Federal program to provide reinsurance to improve the availability of homeowners' insurance. Introduced in Senate IS Short Titles as Introduced Homeowners' Insurance Availability Act of 2003 Introduced in Senate 2003-09-11T04:00:00Z 2003-09-11 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.