Establishes the Landslide and Sinkhole Insurance Program and Fund in Pennsylvania.
The bill establishes the Landslide and Sinkhole Insurance Program and the Landslide and Sinkhole Insurance Fund in Pennsylvania. It creates the Landslide and Sinkhole Insurance Board to administer the program, including assessing premiums. The board is tasked with developing criteria to encourage land-use controls that reduce landslide and sinkhole risks. The program aims to provide insurance coverage for damages caused by landslides and sinkholes, with provisions for automatic inflation protection increases and insurance for structures under construction.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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