To establish a Natural Disaster Risk Reinsurance Program, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill creates natural Disaster Risk Reinsurance Program, requires natural Disaster Risk Reinsurance Program, and provides natural Disaster Risk Reinsurance Program. It relies on appropriations, reporting requirements, and grants. The main policy areas are Finance.
Who Benefits and How
States participating in the program could gain revenue opportunities and Insurers licensed or admitted to engage in the business of providing primary or excess insurance in any State could gain revenue opportunities.
Who Bears the Burden and How
Insurers providing coverage in disaster-prone areas would take on compliance duties.
Key Provisions
- Creates natural Disaster Risk Reinsurance Program.
- Requires natural Disaster Risk Reinsurance Program.
- Provides natural Disaster Risk Reinsurance Program.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates natural Disaster Risk Reinsurance Program, requires natural Disaster Risk Reinsurance Program, and provides natural Disaster Risk Reinsurance Program.
Key Policy Areas
Finance
Primary Purpose
The bill creates natural Disaster Risk Reinsurance Program, requires natural Disaster Risk Reinsurance Program, and provides natural Disaster Risk Reinsurance Program.
Policy Domains
Whole bill
Identified Gains
- States participating in the program
- Insurers licensed or admitted to engage in the business of providing primary or excess insurance in any State
Identified Costs
- Insurers providing coverage in disaster-prone areas
Legislative Progress
IntroducedMr. Moskowitz introduced the following bill; which was referred to …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Insurers licensed or admitted to engage in the business of providing primary or excess insurance in any State, Insurers providing coverage in disaster-prone areas, States participating in the program
Positive-direction: Insurers licensed or admitted to engage in the business of providing primary or excess insurance in any State, States participating in the program
Negative-direction: Insurers providing coverage in disaster-prone areas
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
Key Definitions
Terms defined in this bill
Powers granted to the Secretary to administer the Program, including investigation and auditing of claims, regulation prescription, and necessary personnel employment.
Annual reporting requirements for participating States regarding insured losses and repayment progress to the Secretary.
A program established in the Department of Treasury to protect insurers from insolvency due to significant natural disasters.
The Act is titled the Natural Disaster Risk Reinsurance Program Act.
Key terms defined for the Act's purposes, including affiliate, covered event, insured loss, insurer, participating State, person, and more.
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology