Establishes a working group to recommend risk transfer market mechanisms for insurance to promote natural infrastructure investment against climate.
The bill creates a working group to identify, assess, and recommend risk transfer market mechanisms for insurance. These mechanisms aim to promote investment in natural infrastructure to reduce risks of climate change related to catastrophic events. The group will recommend profitable mechanisms for insurance and reinsurance companies, potentially applying to communities or regions. The commissioner will include the group's findings and recommendations in the annual report, including any proposed legislation.
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- Core Provisions
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- Legal Framework
- Critical Issues
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