Homeowners and Taxpayers Protection Act of 2013

[AI summary unavailable — showing source text] Homeowners and Taxpayers Protection Act of 2013 - Directs the Secretary of the Treasury to establish the National Commission on Natural Catastrophe Preparation and Protection to advise the Secretary regarding the estimated loss costs associated with reinsurance protection contracts. Requires the Secretary to implement a program that utilizes premiums from eligible state or multi-state plans to pre-fund future natural catastrophe recovery by making available for purchase, only by such plans, contracts for reinsurance coverage. Requires such contracts to cover insured property losses covered under primary insurance contracts to homeowners, mobile home owners, renters, and condominium owners for specified natural catastrophic events. Prescribes requirements for the operation of state plans and the terms of reinsurance contracts. Encourages states to create and maintain catastrophe funds for themselves or with other states. Sets forth requirements for the treatment of insured losses and maximum federal liability. Establishes in the Treasury the Catastrophe Preparedness Fund, consisting of contract sales receipts and any amounts borrowed or earned, which shall be used to pay Commission …