To amend the Internal Revenue Code of 1986 to exclude from gross income certain income from providing real property insurance following certain federally declared disasters.
About This Bill
Committee
Latest Action · March 10, 2023
Referred to the House Committee on Ways and Means.
Restoring Competitive Property Insurance Availability Act
This bill excludes from the gross income of specified insurance companies (other than life insurance companies) certain income from providing qualified real property insurance after a federally declared disaster. The bill defines qualified real property insurance income to mean the excess of premiums received by such insurance companies for real property insurance for property located in the disaster area, over deductions properly allocable to such premiums.
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