Restoring Competitive Property Insurance Availability Act
- Last Action
- 3/10/2023
Actions
- 2023-03-10Referred to the House Committee on Ways and Means.
- 2023-03-10Introduced in House
- 2023-03-10Introduced in House
CRS Summary
As of 2023-03-10 (00)
Restoring Competitive Property Insurance Availability Act
This bill excludes from the gross income of specified insurance companies (other than life insurance companies) certain income from providing qualified real property insurance after a federally declared disaster. The bill defines qualified real property insurance income to mean the excess of premiums received by such insurance companies for real property insurance for property located in the disaster area, over deductions properly allocable to such premiums.
Sourced from Congress.gov (public domain).
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