Under current law, catastrophe savings accounts cover insurance deductibles and other uninsured portions of risks of loss to owners of residential property from windstorm events. This bill provides further for other expenses covered by catastrophe savings accounts and caps the amounts contributed to catastrophe savings accounts to cover expenses.

Statutes affected:
Introduced: 40-18-310, 40-18-311, 40-18-312, 40-18-310, 40-18-312