A bill to define the circumstances under which earthquake insurance requirements may be imposed by the Federal Home Loan Mortgage Corporation on a specifically targeted State or area.
Earthquake Insurance Availability Act of 1995 - Amends the Federal Home Loan Mortgage Corporation Act to authorize the Federal Home Loan Mortgage Corporation to impose earthquake insurance requirements targeted to a specific State or area if, and only if, the State insurance commissioner certifies the existence of reasonable insurance capacity in the State. Delineates certification criteria for consideration by a State insurance commissioner.
Referred to the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises.
Referred to the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S11329)
Read twice and referred to the Committee on Banking.
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