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The Federal Crime Insurance Program: An Overview

CED-82-68 Published: Apr 15, 1982. Publicly Released: Apr 15, 1982.
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Highlights

In response to a congressional request, GAO reviewed the Federal Crime Insurance Program. Under the program, insurance for burglary, robbery, theft, and similar crimes is available to residential and commercial property owners in States where crime insurance is not available through the private market or statewide programs or where it is prohibitively expensive. Legislative authorization to enter into new insurance policies ends on September 30, 1982, and the Administration has recommended that the program be terminated at that time.

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Business assistanceClaims adjudicatorsFederal aid to statesHomeowners insuranceInsurance claimsInsurance lossesInsurance premiumsNonappropriated fund instrumentalitiesProgram abusesSunset legislation