Policyholder Disaster Protection Act of 2006

Fact Sheet API

Bill Number

S 3116

Introduced

May 25, 2006

Latest Action

Sponsor introductory remarks on measure. (CR S5332-5333)

Sponsor

Cosponsors

Topics

Bank accounts Casualty insurance Commerce Disaster insurance Earthquakes Emergency Management Finance and Financial Sector Floods Income tax Insurance companies Law Losses Property insurance Reinsurance Storms Tax deductions Taxation Trusts and trustees Tsunamis Volcanoes Water Resources Development

Full Text

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Votes

Summary

Policyholder Disaster Protection Act of 2006 - Amends the Internal Revenue Code to allow insurance companies (other than life insurance companies) to make tax deductible contributions to a tax-exempt policyholder disaster protection fund established by this Act for the payment of policyholders' claims arising from certain catastrophic events, such as windstorms, earthquakes, fires, or floods.

Actions

May 26, 2006

Sponsor introductory remarks on measure. (CR S5332-5333)
May 25, 2006

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5236-5237)
May 25, 2006

Introduced in Senate

Amendments

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