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The "Condominium Windstorm Pilot Program" is a federal bill aimed at establishing a pilot program to provide wind and flood insurance coverage for condominium associations in designated high-risk areas. The main provisions include creating a program to offer affordable wind and flood insurance options specifically tailored for condominiums, with the goal of increasing access to coverage in vulnerable regions prone to windstorms. This bill seeks to address the insurance challenges faced by condominium associations in such areas and mitigate financial risks associated with wind-related damages. If enacted, this legislation could have a significant impact on improving insurance availability and affordability for condominiums located in high-risk windstorm zones.
2023-11-27: Filed
2023-12-07: Referred to Insurance & Banking Subcommittee
2023-12-07: Referred to State Administration & Technology Appropriations Subcommittee
2023-12-07: Referred to Commerce Committee
2023-12-07: Now in Insurance & Banking Subcommittee
2024-01-09: 1st Reading (Original Filed Version)
2024-03-08: Died in Insurance & Banking Subcommittee
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