Provides for a study of the feasibility of establishing a Catastrophe Reinsurance Program which includes the issuance of catastrophe bonds to provide an alternative method for insurance companies to secure reinsurance to cover property damage and casualty losses
Authorizes establishment of tax-advantaged catastrophe savings accounts to cover losses from damage to taxpayers' primary residences and commercial property (OR DECREASE GF RV See Note)
Authorizes the issuance of catastrophe bonds for the Catastrophe Reinsurance Program (OR SEE FISC NOTE SG EX)
Authorizes individual income tax deductions for contributions to catastrophe savings accounts (OR DECREASE GF RV See Note)
Memorializes congress to pass legislation allowing for tax-advantaged catastrophe savings accounts (EN NO IMPACT See Note)
Provides benefits for firemen and law enforcement officers who suffer a catastrophic injury resulting in permanent and total disability caused by an individual with the specific intent to kill an officer while the officer is engaged in the performance of his official duties. (gov sig) (EN INCREASE GF EX See Note)
Provides for catastrophe claims adjusters
Exempts, under specified fiscal conditions, a local school board from complying with requirements that the board grant requests for certain kinds of leave