1. Short title This Act may be cited as the Incorporating National Support for Unprecedented Risks and Emergencies Act or the INSURE Act . 2. Catastrophic property loss reinsurance program (a) In general The Secretary of the Treasury shall, not later than 4 years after the date of the enactment of this section, establish a catastrophic property loss reinsurance program (in this Act referred to as the Program ) to provide reinsurance for qualifying primary insurance companies. (b) Eligibility An insurer is qualified to participate in the Program established by the Secretary under this section if such insurer— (1) offers an all-perils property insurance policy for— (A) residential property insurance policies; or (B) commercial property insurance policies; and (2) offers a loss prevention partnership with the policyholder to encourage investments and activities that reduce insured and economic losses from a catastrophe peril. (c) Consultation The Secretary may contract with reinsurance brokers and consultants to assist the Secretary in the design and management of the Program. (d) Program phase-In timeline The Secretary shall— (1) not later than January 1 of the year beginning 4 years after the date of the enactment of this section, operate the Program for the peril of flood; (2) not later than January 1 of the year beginning 5 years after the date of the enactment of this section, operate the Program for the perils of wind and hurricane; (3) not later than January 1 of the year beginning 6 years after the date of the enactment of this section, operate the Program for the perils of severe convective storm and wildfire