S. 1914 — Policyholder Disaster Protection Act of 1999

Summary

Policyholder Disaster Protection Act of 1999 - Amends the Internal Revenue Code to provide for the creation of disaster protection funds by property and casualty insurance companies for the payment of policyholders' claims arising from certain catastrophic events. Imposes a penalty tax on certain drawdowns from such funds.

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Legislative Actions

1999-11-10
Introduced in Senate
1999-11-10
Sponsor introductory remarks on measure. (CR S14561-14562)
1999-11-10
Read twice and referred to the Committee on Finance.

Policyholder Disaster Protection Act of 1999

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Summary

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