; and (2) the proceeds of which would be available for use only to cover losses to such properties resulting from flooding, pursuant to adjustment of a claim for such losses in the same manner and according to the same procedures as apply to claims for losses under flood insurance coverage made available under the National Flood Insurance Act of 1968. (c) Issues Such study shall include an analysis of, and recommendation regarding, each of the following issues: (1) Whether authorizing the establishment of such flood damage savings accounts would be effective and efficient in reducing flood insurance premiums, eliminating the need for purchase of flood insurance coverage made available under the National Flood Insurance Program, and reducing risks to the financial safety and soundness of the National Flood Insurance Fund. (2) Possible options for structuring such flood damage savings accounts, including— (A) what types of institutions could hold such accounts and the benefits and problems with each such type of institution; (B) considerations affecting the amounts required to be held in such accounts