The "Restoring Competitive Property Insurance Availability Act" is a federal bill aimed at addressing issues related to property insurance availability and affordability. The main provisions of the bill include establishing a task force to study the property insurance market, promoting competition among insurers, and ensuring transparency in insurance rate-setting practices. The bill seeks to enhance consumer protection, reduce insurance costs, and improve access to property insurance for individuals and businesses. If passed, this legislation could have a significant impact on the property insurance industry by fostering a more competitive and transparent marketplace.
2023-03-10: Introduced in House
2023-03-10: Referred to the House Committee on Ways and Means.
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