Creates a federal Catastrophic Property Loss Reinsurance Program and a Federal Catastrophe Reinsurance Fund to provide reinsurance backstops for qualifying primary property insurers, set payment thresholds and premiums, require loss-prevention partnerships, collect insurer data, and allow the Fund to issue bonds. Directs studies on relocating repeatedly uninsurable homes/businesses and on adding earthquake coverage, and establishes a pilot for five-year all‑perils property insurance policies with rules on premium changes, property requirements, and transfers or cancellations during the multi‑year term.