U.S. Congress - H.R.920 Multiple Peril Insurance Act of 2007
H.R.920 - Multiple Peril Insurance Act of 2007
To amend the National Flood Insurance Act of 1968 to provide for the national flood insurance program to make available multiperil coverage for damage resulting from windstorms or floods, and for other purposes. view all titles (2)
All Bill Titles
- Short: Multiple Peril Insurance Act of 2007 as introduced.
- Official: To amend the National Flood Insurance Act of 1968 to provide for the national flood insurance program to make available multiperil coverage for damage resulting from windstorms or floods, and for other purposes. as introduced.
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Official Summary
2/8/2007--Introduced.Multiple Peril Insurance Act of 2007 - Amends the National Flood Insurance Act of 1968 to require the national flood insurance program to enable the purchase of optional insurance against loss resulting from physical damage to or loss of real or related personal properOfficial Summary
2/8/2007--Introduced.Multiple Peril Insurance Act of 2007 - Amends the National Flood Insurance Act of 1968 to require the national flood insurance program to enable the purchase of optional insurance against loss resulting from physical damage to or loss of real or related personal property located in the United States arising from any flood or windstorm (any hurricane, tornado, cyclone, typhoon, or other wind event). Restricts multiperil coverage to areas (or their subdivisions) where an appropriate public body has adopted adequate land use and control measures, including effective enforcement provisions, which the Administrator of the Federal Emergency Management Agency (FEMA) finds are consistent with certain statutory criteria for land management and use relating to windstorms. Prohibits provision of multiperil coverage to any structure (or related personal property ) covered, at any time, by flood insurance under the Act. Prescribes the nature and terms of coverage, and actuarial rates. Prohibits new multiperil coverage for property declared by a duly constituted governmental authority to be in violation of state or local laws, regulations, or ordinances intended to reduce windstorm damage.
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Recent News Coverage
Homeowners in a bind
In an effort to help address this issue, I recently cosponsored the Multiple Peril Insurance Act of 2007, HR 920, introduced by Congressman Gene Taylor, ...
The Business Costs of Acts of God
Essentially, HR 920, the Multiple Peril Insurance Act, requires premiums for the new optional coverage to be risk-based and actuarially sound, ...
Rising insurance prices leaving many in a bind
In an effort to help address this issue, I recently cosponsored the Multiple Peril Insurance Act of 2007, HR 920, introduced by Congressman Gene Taylor, ...
Recent Blog Coverage
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GPO Congressional Publication Releases Project - Law Librarians ...
Hearing: H.R. 920: The Multiple Peril Insurance Act of 2007. July 10, 2007. Serial No. 110-50. GPO Stock No. 552-070-36800-1. $20.00. GPO Access http://purl.access.gpo.gov/GPO/LPS89299. Hearing: Overdraft Protection: Fair Practices for ...
Financing Recovery from Large-Scale Natural Disasters: Open CRS ...
They include (1) study commissions -- H.R. 537/S.292/S. 2286; (2) tax reform incentives -- H.R. 164/H.R. 1787/S. 926/S.2327/S. 927; (3) flood insurance reform -- H.R. 920/H.R. 3121/S. 2284; (4) risk retention group reform -- H.R. 5792; ...
Financing Recovery from Large-Scale Natural Disasters « RFF ...
They include (1) study commissions â H.R. 537/S.292/S. 2286; (2) tax reform incentives â H.R. 164/H.R. 1787/S. 926/S.2327/S. 927; (3) flood insurance reform â H.R. 920/H.R. 3121/S. 2284; (4) risk retention group reform â H.R. 5792; ...
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