Nuclear Property Insurance Act of 1981

[AI summary unavailable — showing source text] Nuclear Property Insurance Act of 1981 - Establishes in the U.S. Treasury a Nuclear Property Insurance Fund to pay insurance claims made by licensees of nuclear powerplants who enter into insurance agreements under this Act and the costs of necessary remedial action at Three Mile Island Unit 2. Directs the Secretary of Energy to provide insurance policies to licensees of nuclear powerplants to supplement insurance available from private sources. Requires that such policies provide for payment from the fund when the costs of remedial action associated with onsite property damage caused by a single nuclear accident exceed the greater of two specified amounts. Sets a ceiling on such insurance payments. Permits the Secretary to require proof of loss or damage before paying any claim. Prohibits the issuance of an operating license by the Nuclear Regulatory Commission (NRC) for a nuclear powerplant unless the licensee is insured by the Secretary. Requires the Secretary to prescribe insurance premium rates and coverage schedules to provide sufficient revenue for the fund. Sets a minimum aggregate amount of premiums to be paid by all licensees insured by this Act. Requires the Secretary to…