HR 481 · 106th Congress · Emergency Management
Earthquake, Volcanic Eruption and Hurricane Hazards Insurance Act of 1999
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Sponsor introductory remarks on measure. (CR E822)(1999-04-29)
Plain Language Summary
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Earthquake, Volcanic Eruption, and Hurricane Hazards Insurance Act of 1999 - Title I: Participation by States in Adoption of Hazard Reduction Measures - Requires the Director of the Federal Emergency Management Agency (FEMA Director) to identify earthquake-prone, volcanic eruption-prone, and hurricane-prone States and areas. Establishes the Earthquake, Volcanic Eruption, and Hurricane Loss Mitigation Advisory Committee. Requires development of loss-reduction criteria for State and local land use and management ordinances, building codes, and other measures. Requires that a percentage of the annual hurricane, earthquake, and volcanic eruption insurance and excess reinsurance premiums collected under the Primary Insurance program be deposited in a Self-Sustaining Mitigation Fund to support specified hazard reduction activities. Provides State assistance for development and implementation of mitigation plans. Prohibits making, increasing, extending, or renewing any federally-related mortgage loan secured by: (1) residential property in an earthquake-prone, volcanic eruption-prone, or hurricane-prone State unless the property is covered by earthquake and volcanic eruption insurance cov…
Summarized by Claude AI · Non-partisan · For informational purposes only