Arson Prevention and Reconstruction Incentive Act of 1981

Summary

Arson Prevention and Reconstruction Incentive Act of 1981 - Amends the National Housing Act to require all statewide plans to assure that "fair access to insurance requirements" (FAIR plans) contain provisions which limit the policy proceeds payable in connection with a loss caused by fire to the market value of the structure destroyed unless the owner certifies, in a policy endorsement, an intention to rebuild. Directs the Federal Insurance Administration, in consultation with the National Association of Insurance Commissioners, to develop a model clause for insurance contracts which provides such limitation for owner-occupied residential and small business property. Requires the Federal Insurance Administrator and the Director of the Federal Emergency Management Agency to develop Federal minimum standards for arson investigation and prosecution, and for information disclosure by insurance applicants. States that such standards shall be applied in any State which does not adopt substantially equivalent standards within two years.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 16 November 1981

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

2. 16 November 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 November 1981

   Introduced

   Introduced in House

   Source: IntroReferral

4. 1 December 1981

   Referred

   Referred to Subcommittee on Housing and Community Development.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 16 November 1981

  Open at official source

Sponsors

• Rep. Solarz, Stephen J. [D-NY-13] · D · Sponsor
• · hsba00 · Standing

Related records

• related to ← Arson Prevention and Reconstruction Incentive Act of 1981