Policyholder Disaster Protection Act of 2007

Fact Sheet API

Bill Number

S 926

Introduced

Mar 20, 2007

Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3363-3364)

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 2007 - 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

Mar 20, 2007

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3363-3364)
Mar 20, 2007

Sponsor introductory remarks on measure. (CR S3360-3362)
Mar 20, 2007

Introduced in Senate

Amendments

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