,,ii  #aacth ,,congress  #b;d ,session  
,s4 #bcha  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #bb1 #bjad
 ,mr4 ,heller 7for himself and ,mr4     
,tester7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,banking1 ,housing1 and  
,urban ,affairs  ,a ,,bill  ,to clarify 
that any private flood insurance policy 
accepted by a ,state shall satisfy the  
mandatory purchase requirement under the
 ,flood ,disaster ,protection ,act of   
#aigc4  #a4  ,short title ,this ,act may
 be cited as the ,flood ,insurance      
,market ,parity and ,modernization ,act 
of #bjad4  #b4 ,authority of ,states to 
regulate private flood insurance        
,paragraph 7#g7 of section #ajb7;b7 of  
the ,flood ,disaster ,protection ,act of
 #aigc 7#db ,u4,s4,c4 #djab;a7b77#g77 is
 amended to read as follows3  7#g7      
,private flood insurance defined  ,in   
this subsection1 the term private flood 
insurance means an insurance policy     
that--  7,a7 provides flood insurance   

coverage2  7,b7 is issued by an         
insurance company that is-- 7i7         
licensed1 admitted1 or otherwise        
approved to engage in the business of   
insurance in the ,state or jurisdiction 
in which the insured building is        
located1 by the insurance regulator of  
that ,state or jurisdiction2 or  7ii7   
eligible as a nonadmitted insurer to    
provide insurance in the ,state or      
jurisdiction where the property to be   
insured is located1 in accordance with  
sections #eba through #ebg of the       
,dodd-,frank ,wall ,street ,reform and  
,consumer ,protection ,act 7#ae         
,u4,s4,c4 #hbja through #hbjf72 and     
7,c7 is issued by an insurance company  
that is not otherwise disapproved as a  
surplus lines insurer by the insurance  
regulator of the ,state or jurisdiction 
where the property to be insured is     
located4  4