This bill would provide further for insurance for residential property and damage caused from a catastrophic windstorm event
This bill would establish a catastrophe savings account to cover an insurance deductible and other uninsured portions of risk of loss for residential property from a catastrophic windstorm event
This bill would allow taxpayers to claim a deduction against their state income tax for deposits made into the catastrophe savings account
Establishing a catastrophe savings account to provide reimbursement for deductible amounts and other uninsured portions of risks of loss to owners of residential property from a windstorm event and allowing a tax deduction for deposits made into the account.
|April 19, 2012||Read for the first time and referred to the House of Representatives committee on Insurance|
|Bill Text||HB721 Alabama 2012 Session - Introduced|