#aae? ,,congress #a/ ,session ,h4 ,r4 #bhgd ,,an ,,act ,to a*ieve re=ms to improve ! f9ancial /ability ( ! ,national ,flood ,insurance ,program1 to enhance ! developm5t ( m accurate e/imates ( flood risk ?r\gh new te*nology & bett] maps1 to increase ! role ( private m>kets 9 ! managem5t ( flood insurance risks1 & to provide = alt]native me?ods to insure aga9/ flood p]il1 & = o!r purposes4 #a4 ,%ort title & table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! #ba/ ,c5tury ,flood ,re=m ,act4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title & table ( cont5ts4 ,title ,i--,policyhold] protections & in=mation ,sec4 #aja4 ,ext5sion ( ,national ,flood ,insurance ,program4 ,sec4 #ajb4 ,annual limitation on premium increases4 ,sec4 #ajc4 ,flood insurance af=dability program4 ,sec4 #ajd4 ,disclosure ( premium me?odology4 ,sec4 #aje4 ,consid]ation ( coa/al & inl& locations 9 premium rates4 ,sec4 #ajf4 ,mon?ly in/allm5t paym5t ( premiums4 ,sec4 #ajg4 ,enhanc$ cle> communication ( flood risks4 ,sec4 #ajh4 ,availability ( flood insurance in=mation ^u reque/4 ,sec4 #aji4 ,disclosure ( flood risk in=mation ^u transf] ( prop]ty4 ,sec4 #aaj4 ,volunt>y community-bas$ flood insurance pilot program4 ,sec4 #aaa4 ,use ( replacem5t co/ 9 det]m9+ premium rates4 ,sec4 #aab4 ,cap on premiums4 ,sec4 #aac4 ,premium rates = c]ta9 mitigat$ prop]ties4 ,sec4 #aad4 ,/udy ( flood insurance cov]age = units 9 coop]ative h\s+4 ,sec4 #aae4 ,pilot program = prop]ties ) preexi/+ conditions4 ,sec4 #aaf4 ,f$]al ,flood ,insurance ,advisory ,committee4 ,sec4 #aag4 ,int]ag5cy guidance on compliance4 ,sec4 #aah4 ,,gao /udy ( claims adju/m5t practices4 ,sec4 #aai4 ,,gao /udy ( flood insurance cov]age treatm5t ( e>? movem5t4 ,sec4 #abj4 ,def9itions4 ,title ,,ii--,increas+ consum] *oice ?r\gh private m>ket developm5t ,sec4 #bja4 ,private flood insurance4 ,sec4 #bjb4 ,opt-out ( m&atory cov]age requirem5t = comm]cial prop]ties4 ,sec4 #bjc4 ,elim9ation ( non-compete requirem5t4 ,sec4 #bjd4 ,public availability ( program in=mation4 ,sec4 #bje4 ,refund ( premiums ^u cancellation ( policy because ( replacem5t ) private flood insurance4 ,sec4 #bjf4 ,,gao /udy ( flood damage sav+s acc\nts4 ,sec4 #bjg4 ,demon/ration program = flood damage sav+s acc\nts4 ,title ,,iii--,mapp+ fairness ,sec4 #cja4 ,use ( o!r risk assessm5t tools 9 det]m9+ premium rates4 ,sec4 #cjb4 ,appeals reg>d+ exi/+ flood maps4 ,sec4 #cjc4 ,appeals & publication ( project$ special flood haz>d areas4 ,sec4 #cjd4 ,communication & outrea* reg>d+ map *anges4 ,sec4 #cje4 ,%>+ & use ( maps & data4 ,sec4 #cjf4 ,community flood maps4 ,title ,,iv--,protect+ consum]s & individuals ?r\gh improv$ mitigation ,sec4 #dja4 ,provision ( ,community ,rat+ ,sy/em premium cr$its to maximum numb] ( communities practicable4 ,sec4 #djb4 ,community acc\ntability = repetitively flood$ areas4 ,sec4 #djc4 ,increas$ co/ ( compliance cov]age4 ,title ,v--,program integrity ,sec4 #eja4 ,indep5d5t actu>ial review4 ,sec4 #ejb4 ,adju/m5ts to home[n] flood insurance af=dability sur*>ge4 ,sec4 #ejc4 ,national ,flood ,insurance ,res]ve ,fund compliance4 ,sec4 #ejd4 ,designation & treatm5t ( multiple-loss prop]ties4 ,sec4 #eje4 ,elim9ation ( cov]age = prop]ties ) excessive lifetime claims4 ,sec4 #ejf4 ,pay = p]=mance & /reaml9+ co/s & reimbursem5t4 ,sec4 #ejg4 ,en=cem5t ( m&atory pur*ase requirem5ts4 ,sec4 #ejh4 ,satisfaction ( m&atory pur*ase requirem5t 9 ,/ates all[+ all-p]ils policies4 ,sec4 #eji4 ,flood insurance pur*ase requirem5ts4 ,sec4 #eaj4 ,cl>ifications2 deadl9e = approval ( claims4 ,sec4 #eaa4 ,risk transf] requirem5t4 ,sec4 #eab4 ,,gao /udy ( simplification ( ,national ,flood ,insurance ,program4 ,sec4 #eac4 ,,gao /udy on en=cem5t ( m&atory pur*ase requirem5ts4 ,title ,,vi--,adm9i/rative re=ms ,sec4 #fja4 ,p5alties = fraud & false /atem5ts 9 ! ,national ,flood ,insurance ,program4 ,sec4 #fjb4 ,enhanc$ policyhold] appeals process rights4 ,sec4 #fjc4 ,deadl9e = approval ( claims4 ,sec4 #fjd4 ,litigation process ov]sight & re=m4 ,sec4 #fje4 ,prohibition on hir+ disb>r$ attorneys4 ,sec4 #fjf4 ,te*nical assi/ance reports4 ,sec4 #fjg4 ,improv$ disclosure requirem5t = /&>d flood insurance policies4 ,sec4 #fjh4 ,res]ve ,fund am\nts4 ,sec4 #fji4 ,suffici5t /aff+ = ,(fice ( ,flood ,insurance ,advocate4 ,sec4 #faj4 ,limit$ exemption = disa/] or cata/rophe claims adju/]s4 ,i ,policyhold] protections & in=mation #aja4 ,ext5sion ( ,national ,flood ,insurance ,program 7a7 ,f9anc+ ,section #acji7;a7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djaf7;a77 is am5d$ by /rik+ ,septemb] #cj1 #bjag & ins]t+ ,septemb] #cj1 #bjbb4 7b7 ,program expiration ,section #acai ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djbf7 is am5d$ by /rik+ ,septemb] #cj1 #bjag & ins]t+ ,septemb] #cj1 #bjbb4 #ajb4 ,annual limitation on premium increases ,section #acjh7;e7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7;e77 is am5d$-- 7#a7 9 p>agraph 7#a71 by /rik+ #ah p]c5t & ins]t+ #ae p]c5t2 & 7#b7 9 p>agraph 7#b7-- 7,a7 by /rik+ #e p]c5t & ins]t+ #f4e p]c5t2 & 7,b7 by ins]t+ be=e ! semicolon at ! end ! foll[+3 1 except t 7,a7 dur+ ! #ab-mon? p]iod on ! date ( ! enactm5t ( ! #ba/ ,c5tury ,flood ,re=m ,act ?is p>agraph %all be appli$ by sub/itut+ #e p]c5t = #f4e p]c5t1 7,b7 dur+ ! #ab-mon? p]iod beg9n+ ^u ! expiration ( ! p]iod ref]r$ to 9 clause 7,a71 ?is p>agraph %all be appli$ by sub/itut+ #e4e p]c5t = #f4e p]c5t1 & 7,c7 dur+ ! #ab-mon? p]iod beg9n+ ^u ! expiration ( ! p]iod ref]r$ to 9 clause 7,b71 ?is p>agraph %all be appli$ by sub/itut+ #f4j p]c5t = #f4e p]c5t4 #ajc4 ,flood insurance af=dability program ,*apt] ,i ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djaa et seq47 is am5d$ by add+ at ! end ! foll[+ new section3 #acbf4 ,flood insurance af=dability program 7a7 ,au?ority ,! ,adm9i/rator %all c>ry out a program "u ?is section to provide f9ancial assi/ance1 ?r\gh ,/ate programs c>ri$ out by p>ticipat+ ,/ates1 = eligible l[-income h\seholds resid+ 9 eligible prop]ties to pur*ase policies = flood insurance cov]age made available "u ?is title4 7b7 ,p>ticipation ,p>ticipation 9 ! program "u ?is section %all be volunt>y on ! "p ( a ,/ate or consortium ( ,/ates4 7c7 ,/ate adm9i/ration ,ea* p>ticipat+ ,/ate %all delegate to a ,/ate ag5cy or nonpr(it organization ! responsibilities = adm9i/rat+ ! ,/ate's program "u ?is section4 7d7 ,eligible h\seholds 7#a7 ,9 g5]al ,dur+ any fiscal ye>1 assi/ance "u ! program "u ?is section may be provid$ only = a h\sehold t has an income1 z det]m9$ = su* fiscal ye> by ! p>ticipat+ ,/ate 9 :i* su* h\sehold resides1 t is less ?an ! income limitation e/abli%$ = su* fiscal ye> = purposes ( ! ,/ate program by ! p>ticipat+ ,/ate1 except t-- 7,a7 assi/ance "u ! program "u ?is section may n be provid$ = a h\sehold hav+ a income t exce$s ! great] (-- 7i7 ! am\nt equal to #aej p]c5t ( ! pov]ty level = su* ,/ate2 or 7ii7 ! am\nt equal to #fj p]c5t ( ! m$ian income ( h\seholds resid+ 9 su* ,/ate2 & 7,b7 a ,/ate may n exclude a h\sehold f eligibility 9 a fiscal ye> solely on ! basis ( h\sehold income if su* income is less ?an #aaj p]c5t ( ! pov]ty level = ! ,/ate 9 :i* su* h\sehold resides4 7#b7 ,/ate v]ification ( income eligibility ,9 v]ify+ income eligibility = purposes ( p>agraph 7#a71 ! p>ticipat+ ,/ate may apply proc$ures & policies consi/5t ) proc$ures & policies us$ by ! ,/ate ag5cy adm9i/]+ programs "u "p ,a ( title ,,iv ( ! ,social ,security ,act 7#db ,u4,s4,c4 #fja et seq471 "u title ,,xx ( ! ,social ,security ,act 7#db ,u4,s4,c4 #acig et seq471 "u subtitle ,b ( title ,,vi ( ! ,omnibus ,budget ,reconciliation ,act ( #aiha 7#db ,u4,s4,c4 #iija et seq42 relat+ to community s]vices block grant program71 "u any o!r provision ( law t c>ries out programs :i* 7 adm9i/]$ "u ! ,economic ,opportunity ,act ( #aifd 7#db ,u4,s4,c4 #bgja et seq47 be=e ,augu/ #ac1 #aiha1 or "u o!r income assi/ance or s]vice programs 7z det]m9$ by ! ,/ate74 7#c7 ,c]tification by ,/ate ( eligibility h\seholds ,= ea* fiscal ye>1 ea* p>ticipat+ ,/ate %all c]tify to ! ,adm9i/rator compliance ( h\seholds :o are to be provid$ assi/ance "u ! ,/ate program dur+ su* fiscal ye> ) ! income requirem5ts "u p>agraph 7#a74 7e7 ,eligible prop]ties ,assi/ance "u ! program "u ?is section may be provid$ only = a resid5tial prop]ty-- 7#a7 t has #d or few] resid5ces2 7#b7 t is own$ & occupi$ by an eligible h\sehold2 7#c7 = :i* a base flood elevation is id5tifi$ on a flood insurance rate map ( ! ,adm9i/rator t is 9 effect2 7#d7 = :i* su* o!r in=mation is available z ! ,adm9i/rator consid]s necess>y to det]m9e ! flood risk associat$ ) su* prop]ty2 & 7#e7 t is locat$ 9 a community t is p>ticipat+ 9 ! national flood insurance program4 7f7 ,types ( assi/ance ,"u ! program "u ?is section1 a p>ticipat+ ,/ate %all elect to provide f9ancial assi/ance = eligible h\seholds 9 "o ( ! foll[+ =ms3 7#a7 ,limitation on rate increases ,by e/abli%+ a limitation on ! rate ( increases 9 ! am\nt ( *>geable premiums paid by eligible h\seholds = flood insurance cov]age made available "u ?is title4 7#b7 ,limitation on rates ,by e/abli%+ a limitation on ! am\nt ( *>geable premiums paid by eligible h\seholds = flood insurance cov]age made available "u ?is title4 7g7 ,notification to ,,fema ,"u ! program "u ?is section1 a p>ticipat+ ,/ate %all1 on a fiscal ye> basis & at ! "t & 9 ! mann] provid$ by ! ,adm9i/rator-- 7#a7 id5tify = ! ,adm9i/rator ! eligible h\seholds resid+ 9 ! ,/ate :o are to be provid$ assi/ance "u ! ,/ate program dur+ su* fiscal ye>2 & 7#b7 notify ! ,adm9i/rator ( ! type & levels ( assi/ance elect$ "u subsection 7f7 to be provid$ "u ! ,/ate program ) respect to su* eligible h\seholds resid+ 9 ! ,/ate4 7h7 ,am\nt ( assi/ance ,"u ! program "u ?is section1 9 ea* fiscal ye> ! ,adm9i/rator %all1 not)/&+ section #acjh1 make flood insurance cov]age available = pur*ase by h\seholds id5tifi$ z eligible h\seholds = su* fiscal ye> by a p>ticipat+ ,/ate pursuant to subsection 7e7 at *>geable premium rates t are disc\nt$ by an am\nt t is bas$ on ! type & levels ( assi/ance elect$ pursuant to subsection 7f7 by ! p>ticipat+ ,/ate = su* fiscal ye>4 7i7 ,bill+ /atem5t ,9 ! case ( an eligible h\sehold = :i* assi/ance "u ! program "u ?is section is provid$ ) respect to a policy = flood insurance cov]age1 ! annual bill+ /atem5t = su* policy %all include /atem5ts ( ! foll[+ am\nts3 7#a7 ,! e/imat$ risk premium rate = ! prop]ty "u section #acjg7;a77#a74 7#b7 ,if applicable1 ! e/imat$ risk premium rate = ! prop]ty "u section #acjg7;a77#b74 7#c7 ,! *>geable risk premium rate = ! prop]ty tak+ into consid]ation ! disc\nt pursuant to subsection 7h74 7#d7 ,! am\nt ( ! disc\nt pursuant to subsection 7h7 = ! prop]ty4 7#e7 ,! numb] & doll> value ( claims fil$ = ! prop]ty1 ov] ! life ( ! prop]ty1 "u a flood insurance policy made available "u ! ,program & ! effect1 "u ?is ,act1 ( fil+ any fur!r claims "u a flood insurance policy ) respect to t prop]ty4 7j7 ,fund+ ?r\gh ,/ate af=dability sur*>ges 7#a7 ,imposition & collection ,not)/&+ section #acjh1 = ea* fiscal ye> 9 :i* flood insurance cov]age "u ?is title is made available = prop]ties 9 a p>ticipat+ ,/ate at *>geable premium rates t are disc\nt$ pursuant to subsection 7f71 ! ,adm9i/rator %all impose & collect a ,/ate af=dability sur*>ge on ea* policy = flood insurance cov]age = a prop]ty locat$ 9 su* p>ticipat+ ,/ate t is 7,a7 n a resid5tial prop]ty hav+ #d or few] resid5ces1 or 7,b7 is su* a resid5tial prop]ty b is own$ by a h\sehold t is n an eligible h\sehold = purposes ( su* fiscal ye>4 7#b7 ,am\nt ,! am\nt ( ! ,/ate af=dability sur*>ge impos$ dur+ a fiscal ye> on ea* su* policy = a prop]ty 9 a p>ticipat+ ,/ate %all be-- 7,a7 suffici5t su* t ! aggregate am\nt ( all su* ,/ate af=dability sur*>ges impos$ on prop]ties 9 su* p>ticipat+ ,/ate dur+ su* fiscal ye> is equal to ! aggregate am\nt by :i* all policies = flood insurance cov]age "u ?is title sold dur+ su* fiscal ye> = prop]ties own$ by eligible h\seholds 9 ! p>ticipat+ ,/ate are disc\nt$ pursuant to subsection 7f72 & 7,b7 ! same am\nt = ea* prop]ty 9 ! p>ticipat+ ,/ate be+ *>g$ su* a surplus4 7k7 ,treatm5t ( o!r sur*>ges ,! provision ( assi/ance "u ! program "u ?is section ) respect to any prop]ty & any limitation on premiums or premium increases pursuant to subsection 7f7 = ! prop]ty %all n affect ! applicability or am\nt ( any sur*>ge "u section #acjh;,a = ! prop]ty1 ( any increase 9 premiums *>g$ = ! prop]ty pursuant to section #acaj;,a7c71 or ( any equival5cy fee "u section #acjh;,b = ! prop]ty4 7l7 ,def9itions ,= purposes ( ?is section1 ! foll[+ def9itions %all apply3 7#a7 ,p>ticipat+ ,/ate ,! t]m p>ticipat+ ,/ate means1 ) respect to a fiscal ye>1 a ,/ate t is p>ticipat+ 9 ! program "u ?is section = su* fiscal ye>4 7#b7 ,eligible h\sehold ,! t]m eligible h\sehold means1 ) respect to a fiscal ye> & a p>ticipat+ ,/ate1 a h\sehold t has an income t is less ?an ! am\nt ( ! income limitation = ! fiscal ye> e/abli%$ = purposes ( ! ,/ate program ( su* p>ticipat+ ,/ate pursuant to subsection 7g77#a74 7#c7 ,pov]ty level ,! t]m pov]ty level' means1 ) respect to a h\sehold 9 any ,/ate1 ! income pov]ty l9e z prescrib$ & revis$ at lea/ annually pursuant to section #fgc7b7 ( ! ,community ,s]vices ,block ,grant ,act 7#db ,u4,s4,c4 #iijb7b771 z applicable to su* ,/ate4 7#d7 ,/ate ,! t]m ,/ate %all include a consortium ( ,/ates e/abli%$ = purposes ( adm9i/rat+ ! program "u ?is section ) respect to ! memb] ,/ates ( ! consortium4 7#e7 ,/ate program ,! t]m ,/ate program means a program c>ri$ out 9 compliance ) ?is section by a p>ticipat+ ,/ate 9 conjunction ) ! program "u ?is section ( ! ,adm9i/rator4 7m7 ,regulations ,! ,adm9i/rator %all issue su* regulations z may be necess>y to c>ry out ! program "u ?is section4 4 #ajd4 ,disclosure ( premium me?odology ,section #acjh ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7 is am5d$ by add+ at ! end ! foll[+ new subsection3 7n7 ,disclosure ( premium me?odology 7#a7 ,disclosure ,six mon?s prior to ! effective date ( risk premium rates1 ! ,adm9i/rator %all cause to be publi%$ 9 ! ,f$]al ,regi/] an explanation ( ! bases =1 & me?odology us$ to det]m9e1 ! *>geable premium rates to be effective = flood insurance cov]age "u ?is title4 7#b7 ,alignm5t ) indu/ry practices ,! disclosure requir$ "u p>agraph 7#a7 %all1 to ! ext5t practicable1 be align$ ) indu/ry patt]ns & practices & %all include in=mation & data recomm5d$ by ! ,/ate insurance commission]s guidel9es on rate fil+s4 7#c7 ,public meet+s ,! ,adm9i/rator %all1 on an annual basis1 hold at lea/ "o public meet+ 9 ea* ( ! geographical regions ( ! ,unit$ ,/ates1 z def9$ by ! ,adm9i/rator = purposes ( ! ,national ,flood ,insurance ,program1 = ! purpose ( expla9+ ! me?odology describ$ 9 p>agraph 7#a7 & answ]+ que/ions & receiv+ comm5ts reg>d+ su* me?odology4 ,! ,adm9i/rator %all provide notice ( ea* su* public meet+ 9 advance1 9 su* mann]1 & 9 us+ su* means z are reasonably design$ to notify int]e/$ p>ties & memb]s ( ! public ( ! date & "t1 location1 & purpose ( su* meet+1 & ( h[ to submit que/ions or comm5ts4 4 #aje4 ,consid]ation ( coa/al & inl& locations 9 premium rates 7a7 ,e/imates ( premium rates ,subp>agraph 7,a7 ( section #acjg7;a77#a7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djad7;a77#a77;,a77 is am5d$-- 7#a7 9 clause 7i71 by /rik+ & at ! end2 & 7#b7 by add+ at ! end ! foll[+ new clause3 7iii7 ! diff]5ces 9 flood risk = prop]ties impact$ by coa/al flood risk & prop]ties impact$ by riv]9e1 or inl& flood risk2 & 4 7b7 ,e/abli%m5t ( *>geable premium rates ,p>agraph 7#a7 ( section #acjh7;b7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7;b77#a77 is am5d$ by ins]t+ due to diff]5ces 9 flood risk result+ f coa/al flood haz>ds & riv]9e1 or inl& flood haz>ds & aft] includ+ diff]5ces 9 risks4 7c7 ,revis$ rates ,n lat] ?an ! expiration ( ! two-ye> p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act1 ! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy %all revise risk premium rates "u ! ,national ,flood ,insurance ,program to implem5t ! am5dm5ts made by ?is section4 #ajf4 ,mon?ly in/allm5t paym5t ( premiums 7a7 ,au?ority ,subsection 7g7 ( section #acjh ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7;g77 is am5d$-- 7#a7 by /rik+ ! subsection designation & all t foll[s ?r\gh ,) respect & ins]t+ ! foll[+3 7g7 ,frequ5cy ( premium collection 7#a7 ,options ,) respect 2 & 7#b7 by add+ at ! end ! foll[+3 7#b7 ,mon?ly in/allm5t paym5t ( premiums 7,a7 ,exemption f rulemak+ ,until su* "t z ! ,adm9i/rator promulgates regulations implem5t+ p>agraph 7#a7 ( ?is subsection1 ! ,adm9i/rator may adopt policies & proc$ures1 not)/&+ any o!r provisions ( law & 9 alignm5t & consi/5t ) exi/+ indu/ry escr[ & s]vic+ /&>ds1 necess>y to implem5t su* p>agraph )\t und]go+ notice & comm5t rulemak+ & )\t conduct+ regulatory analyses o!rwise requir$ by /atute1 regulation1 or ,executive ord]4 7,b7 ,pilot program ,! ,adm9i/rator may initially implem5t p>agraph 7#a7 ( ?is subsection z a pilot program t provides = a gradual phase-9 ( implem5tation4 7,c7 ,policyhold] protection ,! ,adm9i/rator may-- 7i7 dur+ ! #ab-mon? p]iod beg9n+ on ! date ( ! enactm5t ( ?is subp>agraph1 *>ge policyhold]s *oos+ to pay premiums 9 mon?ly in/allm5ts a fee = ! total co/ ( ! mon?ly collection ( premiums n to exce$ #be annually2 & 7ii7 aft] ! expiration ( ! #ab-mon? p]iod ref]r$ to 9 clause 7i71 adju/ ! fee *>g$ annually to cov] ! total co/ ( ! mon?ly collection ( premiums z det]m9$ by ! report submitt$ pursuant to subp>agraph 7,d74 7,d7 ,report ,n lat] ?an six mon?s aft] ! date ( ! enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al %all submit a report to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate1 t sets =? all ( ! co/s associat$ ) ! mon?ly paym5t ( premiums1 includ+ any up-front co/s associat$ ) infra/ructure developm5t1 ! impact on all policyhold]s includ+ ^? t ex]cise ! option to pay mon?ly & ^? t d n1 options = m9imiz+ ! co/s1 p>ticul>ly ! co/s to policyhold]s1 & ! feasibility ( adopt+ practices t s]ve to m9imize co/s to policyhold]s su* z automatic paym5ts & electronic paym5ts4 7,e7 ,annual ,reports ,on an annual basis1 ! ,adm9i/rator %all report to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate ! ongo+ co/s associat$ ) ! mon?ly paym5t ( premiums4 4 7b7 ,implem5tation ,clause 7ii7 ( section #acjg7;a77#a77;,b7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djad7;a77#a77;,b77ii77 is am5d$ by ins]t+ be=e any adm9i/rative exp5ses ! foll[+3 ! co/s associat$ ) ! mon?ly collection ( premiums provid$ = 9 section #acjh7;g7 7#db ,u4,s4,c4 #djae7;g771 b only if su* co/s exce$ ! op]at+ co/s & all[ances set =? 9 clause 7i7 ( ?is subp>agraph1 &4 #ajg4 ,enhanc$ cle> communication ( flood risks 7a7 ,9 g5]al ,subsection 7l7 ( section #acjh ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7l77 is am5d$ to read z foll[s3 7l7 ,cle> communications 7#a7 ,newly issu$ & r5ew$ policies ,= all policies = flood insurance cov]age "u ! ,national ,flood ,insurance ,program t are newly issu$ or r5ew$1 ! ,adm9i/rator %all cle>ly communicate to policyhold]s-- 7,a7 _! full flood risk det]m9ations1 reg>dless ( :e!r _! premium rates are full actu>ial rates2 & 7,b7 ! numb] & doll> value ( claims fil$ = ! prop]ty1 ov] ! life ( ! prop]ty1 "u a flood insurance policy made available "u ! ,program & ! effect1 "u ?is ,act1 ( fil+ any fur!r claims "u a flood insurance policy ) respect to t prop]ty4 4 7b7 ,effective date ,subsection 7l7 ( section #acjh ( ! ,national ,flood ,insurance ,act ( #aifh1 z add$ by subsection 7a7 ( ?is section1 %all take effect beg9n+ ^u ! expiration ( ! #ab-mon? p]iod t beg9s on ! date ( ! enactm5t ( ?is ,act4 ,su* subsection 7l71 z 9 effect imm$iately be=e ! am5dm5t made by p>agraph 7#a71 %all apply dur+ su* #ab-mon? p]iod4 #ajh4 ,availability ( flood insurance in=mation ^u reque/ ,section #acac ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djbj7 is am5d$-- 7#a7 by ins]t+ 7a7 ,public in=mation & data4-- aft] ,sec4 #acac42 & 7#b7 by add+ at ! end ! foll[+ new subsection3 7b7 ,availability ( flood insurance in=mation ^u reque/ ,n lat] ?an #cj days aft] a reque/ = su* in=mation by ! curr5t own] ( a prop]ty1 ! ,adm9i/rator %all provide to ! own] any in=mation1 includ+ hi/orical in=mation1 available to ! ,adm9i/rator on flood insurance program cov]age1 paym5t ( claims1 & flood damages = ! prop]ty at issue1 & any in=mation ! ,adm9i/rator has on :e!r ! prop]ty own] may be requir$ to pur*ase cov]age "u ! ,national ,flood ,insurance ,program due to previ\s receipt ( ,f$]al disa/] assi/ance1 includ+ assi/ance provid$ by ! ,small ,bus9ess ,adm9i/ration1 ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t1 or ! ,f$]al ,em]g5cy ,managem5t ,ag5cy1 or any o!r type ( assi/ance t subjects ! prop]ty to ! m&atory pur*ase requirem5t "u section #ajb ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djab;a74 4 #aji4 ,disclosure ( flood risk in=mation ^u transf] ( prop]ty 7a7 ,9 g5]al ,*apt] #a ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djaa et seq471 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$ by add+ at ! end ! foll[+ new section3 #acbg4 ,disclosure ( flood risk in=mation ^u transf] ( prop]ty 7a7 ,requirem5t = p>ticipation 9 program ,aft] ,septemb] #cj1 #bjbb1 no new flood insurance cov]age may be provid$ "u ?is title = any real prop]ty locat$ 9 any area 7or subdivision !re(7 unless an appropriate body has impos$1 by /atute or regulation1 a duty on any sell] or lessor ( improv$ real e/ate locat$ 9 su* area to provide to any pur*as] or lessee ( su* prop]ty a prop]ty flood haz>d disclosure :i* ! ,adm9i/rator has det]m9$ meets ! requirem5ts ( subsection 7b74 7b7 ,disclosure requirem5ts ,a prop]ty flood haz>d disclosure = a prop]ty %all meet ! requirem5ts ( ?is subsection only if ! disclosure-- 7#a7 is made 9 writ+2 7#b7 discloses any actual k ( ! sell] or lessor (-- 7,a7 prior physical damage caus$ by flood to any build+ locat$ on ! prop]ty2 7,b7 prior insurance claims = losses cov]$ "u ! ,national ,flood ,insurance ,program or private flood insurance ) respect to su* prop]ty2 7,c7 any previ\s notification reg>d+ ! designation ( ! prop]ty z a multiple loss prop]ty2 & 7,d7 any ,f$]al legal obligation to obta9 & ma9ta9 flood insurance runn+ ) ! prop]ty1 su* z any obligation due to a previ\s =m ( disa/] assi/ance "u ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act receiv$ by any own] ( ! prop]ty2 & 7#c7 is deliv]$ by or on behalf ( ! sell] or lessor to ! pur*as] or lessee be=e su* pur*as] or lessee becomes obligat$ "u any contract = pur*ase or lease ( ! prop]ty4 4 7b7 ,availability ( flood insurance cov]age ,subsection 7c7 ( section #acje ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djab7;c77 is am5d$-- 7#a7 9 p>agraph 7#a71 by /rik+ & at ! end2 7#b7 9 p>agraph 7#b71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7#c7 by add+ at ! end ! foll[+ new p>agraph3 7#c7 giv5 satisfactory assurance t by ,septemb] #cj1 #bjbb1 prop]ty flood haz>d disclosure requirem5ts w h be5 adopt$ = ! area t meet ! requirem5ts ( section #acbf4 4 #aaj4 ,volunt>y community-bas$ flood insurance pilot program 7a7 ,e/abli%m5t ,! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy 79 ?is section ref]r$ to z ! ,adm9i/rator7 may c>ry out a community-bas$ flood insurance pilot program to make available1 = pur*ase by p>ticipat+ communities1 a s+le1 community-wide flood insurance policy "u ! ,national ,flood ,insurance ,program t-- 7#a7 cov]s all resid5tial & non-resid5tial prop]ties )9 ! community2 & 7#b7 satisfies1 = all su* prop]ties )9 ! community1 ! m&atory pur*ase requirem5ts "u section #ajb ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djab;a74 7b7 ,p>ticipation ,p>ticipation by a community 9 ! pilot program "u ?is section %all be entirely volunt>y on ! "p ( ! community4 7c7 ,requirem5ts = community-wide policies ,! ,adm9i/rator %all ensure t a community-wide flood insurance policy made available "u ! pilot program "u ?is section incorporates ! foll[+ requirem5ts3 7#a7 ,a mapp+ requirem5t = prop]ties cov]$ by ! policy4 7#b7 ,a cap on premiums4 7#c7 ,a d$uctible4 7#d7 ,c]tification or accr$itation ( mitigation infra/ructure :5 available & appropriate4 7#e7 ,a community audit4 7#f7 ,! ,community ,rat+ ,sy/em "u section #acae7;b7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djbb7;b774 7#g7 ,a me?od ( prev5t+ r$undant claims paym5ts by ! ,national ,flood ,insurance ,program 9 ! case ( a claim by an individual prop]ty own] :o is cov]$ by a community-wide flood insurance policy & an individual policy obta9$ ?r\gh ! ,program4 7#h7 ,cov]age = damage aris+ f flood+ t complies ) ! /&>ds "u ! ,national ,flood ,insurance ,program appropriate to ! nature & type ( prop]ty cov]$4 7d7 ,tim+ ,! ,adm9i/rator may e/abli% ! demon/ration program "u ?is section n lat] ?an ! expiration ( ! #ahj-;day p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act & ! program %all t]m9ate on ,septemb] #cj1 #bjbb4 7e7 ,def9ition ( community ,= purposes ( ?is section1 ! t]m community means any unit ( local gov]nm5t1 )9 ! mean+ giv5 su* t]m "u ! laws ( ! applicable ,/ate4 #aaa4 ,use ( replacem5t co/ 9 det]m9+ premium rates 7a7 ,/udy ( risk rat+ r$esign flood insurance premium rat+ options 7#a7 ,/udy ,! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy %all conduct a /udy to-- 7,a7 evaluate insurance indu/ry be/ practices = risk rat+ & classification1 includ+ practices relat$ to replacem5t co/ value 9 premium rate e/imations2 7,b7 assess options1 me?ods1 & /rategies = includ+ replacem5t co/ value 9 ! ,adm9i/rator's e/imates "u section #acjg7;a77#a7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djad7;a77#a772 7,c7 provide recomm5dations = includ+ replacem5t co/ value 9 ! e/imate ( ! risk premium rates = flood insurance "u su* section #acjg7;a77#a72 7,d7 id5tify an appropriate me?odology to incorporate replacem5t co/ value into ! ,adm9i/rator's e/imates "u su* section #acjg7;a77#a72 7,e7 develop a feasible implem5tation plan & project$ timel9e = includ+ replacem5t co/ value 9 ! e/imates ( risk premium rates = flood insurance made available "u ! ,national ,flood ,insurance ,program4 7#b7 ,report 7,a7 ,requirem5t ,n lat] ?an ! expiration ( ! #ab-mon? p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act1 ! ,adm9i/rator %all submit to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate a report t conta9s ! results & conclusions ( ! /udy requir$ "u p>agraph 7#a74 7,b7 ,cont5ts ,! report submitt$ "u subp>agraph 7,a7 %all include-- 7i7 an analysis ( ! recomm5dations result+ f ! /udy "u p>agraph 7#a7 & any pot5tial impacts on ! ,national ,flood ,insurance ,program1 includ+ co/ consid]ations2 7ii7 a description ( any actions tak5 by ! ,adm9i/rator to implem5t ! /udy recomm5dations2 & 7iii7 a description ( any /udy recomm5dations t h be5 def]r$ or n act$ ^u1 toge!r ) a /atem5t expla9+ ! reasons = su* def]ral or inaction4 7b7 ,use ( replacem5t co/ value 9 premium rates2 implem5tation 7#a7 ,e/imat$ rates ,p>agraph 7#a7 ( section #acjg7;a7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djad7;a77#a77 is am5d$1 9 ! matt] prec$+ subp>agraph 7,a71 by ins]t+ aft] flood insurance ! foll[+3 1 :i* %all incorporate replacem5t co/ value1 &4 7#b7 ,*>geable rates ,subsection 7b7 ( section #acjh ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7;b77 is am5d$1 9 ! matt] prec$+ p>agraph 7#a71 by ins]t+ aft] ,su* rates ! foll[+3 %all incorporate replacem5t co/ value &4 7#c7 ,effective date ,! am5dm5ts "u p>agraphs 7#a7 & 7#b7 ( ?is subsection %all be made ^u ! expiration ( ! #ab-mon? p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act4 7#d7 ,applicability & phase-9 ,! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy %all apply ! am5dm5ts "u p>agraphs 7#a7 & 7#b7 to flood insurance cov]age made available "u ! ,national ,flood ,insurance ,act ( #aifh = prop]ties locat$ 9 v>i\s geographic regions 9 ! ,unit$ ,/ates su* t-- 7,a7 ov] ! p]iod beg9n+ ^u ! expiration ( ! p]iod ref]r$ to 9 p>agraph 7#c7 ( ?is subsection & end+ on ,decemb] #ca1 #bjbj1 ! requirem5t "u su* am5dm5ts %all be gradually phas$ 9 geographically ?r\gh\t ! ,unit$ ,/ates z suffici5t in=mation = su* implem5tation becomes available2 & 7,b7 aft] ! expiration ( su* p]iod ref]r$ to 9 subp>agraph 7,a71 su* am5dm5ts %all apply to all flood insurance cov]age made available "u ! ,national ,flood ,insurance ,act ( #aifh4 #aab4 ,cap on premiums ,p>agraph 7#a7 ( section #acjh7;e7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7;e77#a77 is am5d$-- 7#a7 by /rik+ except -- & ins]t+ except z provid$ 9 p>agraph 7#d72 &2 7#b7 by /rik+ subp>agraphs 7,a7 & 7,b72 7#c7 9 subp>agraph 7,c7-- 7,a7 9 clause 7ii71 by r$esignat+ subclauses 7,i7 & 7,,ii7 z items 7aa7 & 7bb71 respectively2 7,b7 by r$esignat+ clauses 7i7 ?r\gh 7iii7 z subclauses 7,i7 ?r\gh 7,,iii71 respectively2 & 7,c7 by /rik+ 7,c7 9 ! case ( a prop]ty t-- & ins]t+ ! foll[+3 7,b7 ,! limitations "u clauses 7i7 & 7ii7 ( subp>agraph 7,a7 %all n apply 9 ! case (-- 7i7 a prop]ty id5tifi$ "u section #acjg7;g72 or 7ii7 a prop]ty t-- 2 7#d7 by /rik+ "u ?is title = any prop]ty & ins]t+ ! foll[+3 "u ?is title-- 7i7 = any prop]ty 2 7#e7 by ins]t+ 7,a7 subject to subp>agraph 7,b71 aft] ! p>agraph designation2 & 7#f7 by ins]t+ be=e subp>agraph 7,b71 z s r$esignat$ by ! am5dm5t made by p>agraph 7#c77;,c7 ( ?is section1 ! foll[+ new clause3 7ii7 = any resid5tial prop]ty hav+ #d or few] resid5ces & = :i* !re is elevation data meet+ /&>ds ( ! ,adm9i/rator1 may n exce$ #aj1jjj 9 any s+le ye>1 except t su* am\nt 7z x may h be5 previ\sly adju/$7 %all be adju/$ = inflation by ! ,adm9i/rator ^u ! expiration ( ! #e-ye> p]iod beg9n+ ^u ! date ( ! enactm5t ( ! #ba/ ,c5tury ,flood ,re=m ,act & ^u ! expiration ( ea* successive #e-ye> p]iod !reaft]1 9 accordance ) an inflation>y index select$ by ! ,adm9i/rator4 4 #aac4 ,premium rates = c]ta9 mitigat$ prop]ties 7a7 ,mitigation /rategies ,p>agraph 7#a7 ( section #acfa7;d7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #dajb7;d77#a77 is am5d$-- 7#a7 9 subp>agraph 7,a71 by /rik+ & at ! end2 7#b7 9 subp>agraph 7,b71 by /rik+ & at ! end2 & 7#c7 by ins]t+ aft] subp>agraph 7,b7 ! foll[+ new subp>agraphs3 7,c7 ) respect to build+s 9 d5se urban environm5ts1 me?ods t c be deploy$ on a block or neighborhood scale2 & 7,d7 elevation ( me*anical sy/ems2 & 4 7b7 ,mitigation cr$it ,subsection 7k7 ( section #acjh ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7k77 is am5d$-- 7#a7 by /rik+ %all take into acc\nt & ins]t+ ! foll[+3 %all-- 7#a7 take into acc\nt 2 7#b7 9 p>agraph 7#a71 z s designat$ by ! am5dm5t made by p>agraph 7#a7 ( ?is subsection1 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7#c7 by add+ at ! end ! foll[+ new p>agraph3 7#b7 (f] a r$uction ( ! risk premium rate *>g$ to a policyhold]1 z det]m9$ by ! ,adm9i/rator1 if ! policyhold] implem5ts any mitigation me?od describ$ 9 p>agraph 7#a74 4 #aad4 ,/udy ( flood insurance cov]age = units 9 coop]ative h\s+ ,! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy %all conduct a /udy to analyze & det]m9e ! feasibility ( provid+ flood insurance cov]age "u ! ,national ,flood ,insurance ,program "u ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djja et seq47 = individual dwell+ units 9 coop]ative h\s+ projects4 ,n lat] ?an ! expiration ( ! #bd-mon? p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act1 ! ,adm9i/rator %all submit a report to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate reg>d+ ! f9d+s & conclusions ( ! /udy conduct$ pursuant to ?is section1 :i* %all include a plan sett+ =? specific actions to implem5t ! developm5t ( su* flood insurance cov]age4 #aae4 ,pilot program = prop]ties ) preexi/+ conditions ,section #acaa ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djah7 is am5d$ by add+ at ! end ! foll[+ new subsection3 7c7 ,pilot program = inve/igation ( preexi/+ /ructural conditions 7#a7 ,volunt>y program ,! ,adm9i/rator %all c>ry out a pilot program "u ?is subsection to provide = companies p>ticipat+ 9 ! ,write ,y\r ,own program 7z su* t]m is def9$ 9 section #acgj7;a7 7#db ,u4,s4,c4 #daba7;a777 to inve/igate preexi/+ /ructural conditions ( insur$ prop]ties & pot5tially insur$ prop]ties t c\ld result 9 ! d5ial ( a claim "u a policy = flood insurance cov]age "u ?is title 9 ! ev5t ( a flood loss to su* prop]ty4 ,p>ticipation 9 ! pilot program %all be volunt>y on ! "p ( ,write ,y\r ,own companies4 7#b7 ,inve/igation ( prop]ties ,"u ! pilot program "u ?is subsection1 a ,write ,y\r ,own company p>ticipat+ 9 ! program %all-- 7,a7 provide 9 policies = flood insurance cov]age "u ?is title cov]$ by ! program t1 ^u ! reque/ ( ! policyhold]1 ! company %all provide =-- 7i7 an inve/igation ( ! prop]ty cov]$ by su* policy1 us+ common me?ods1 to det]m9e :e!r preexi/+ /ructural conditions are pres5t t c\ld result 9 ! d5ial ( a claim "u su* policy = flood losses2 & 7ii7 if su* inve/igation is n det]m9ative1 an on-site inspection ( ! prop]ty to det]m9e :e!r su* preexi/+ /ructural conditions are pres5t2 7,b7 ^u completion ( an inve/igation or inspection pursuant to subp>agraph 7,a7 t det]m9es t su* a preexi/+ /ructural condition is pres5t or abs5t1 submit a report to ! policyhold] & ,adm9i/rator describ+ ! condition2 & 7,c7 impose a sur*>ge on ea* policy describ$ 9 subp>agraph 7,a7 9 su* am\nt t ! ,adm9i/rator det]m9es is appropriate to cov] ! co/s ( inve/igations & inspections p]=m$ pursuant to su* policies & reimburse ,write ,y\r ,own companies p>ticipat+ 9 ! program "u ?is subsection = su* co/s4 7#c7 ,int]im report ,n lat] ?an ,decemb] #ca1 #bjba1 ! ,adm9i/rator %all submit a report to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate describ+ ! op]ation ( ! pilot program to t date4 7#d7 ,sunset ,! ,adm9i/rator may n provide any policy = flood insurance describ$ 9 p>agraph 7#b77;,a7 aft] ,decemb] #ca1 #bjbb4 7#e7 ,f9al report ,n lat] ?an ,m>* #ca1 #bjbc1 ! ,adm9i/rator %all submit a f9al report reg>d+ ! pilot program "u ?is section to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate4 ,! report %all include any f9d+s & recomm5dations ( ! ,adm9i/rator reg>d+ ! pilot program4 4 #aaf4 ,f$]al ,flood ,insurance ,advisory ,committee 7a7 ,e/abli%m5t ,!re is e/abli%$ an advisory committee to be kn[n z ! ,f$]al ,flood ,insurance ,advisory ,committee 79 ?is section ref]r$ to z ! ,committee74 7b7 ,memb]%ip 7#a7 ,memb]s ,! ,committee %all consi/ (-- 7,a7 ! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy 79 ?is section ref]r$ to z ! ,adm9i/rator71 or ! designee !re(2 7,b7 ! ,secret>y ( ! ,treasury1 or ! designee !re(2 & 7,c7 additional memb]s appo9t$ by ! ,adm9i/rator or ! designee ( ! ,adm9i/rator1 :o %all be-- 7i7 two repres5tatives ( ! prop]ty & casualty insurance sector2 7ii7 "o individual :o s]v$ 9 ! pa/1 or is curr5tly s]v+1 z an insurance regulator ( a ,/ate1 ! ,di/rict ( ,columbia1 ! ,commonweal? ( ,pu]to ,rico1 ,guam1 ! ,commonweal? ( ! ,nor!rn ,m>iana ,isl&s1 ! ,virg9 ,isl&s1 ,am]ican ,samoa1 or any f$]ally-recogniz$ ,indian tribe2 7iii7 "o repres5tative ( ! f9ancial or insurance sectors :o is involv$ 9 risk transf]s1 includ+ re9surance1 resili5ce bonds1 & o!r insurance-l9k$ securities2 7iv7 "o actu>y ) demon/rat$ high-level k ( cata/rophic risk insurance2 7v7 two insurance pr(essionals ) demon/rat$ exp]i5ce ) ! sale ( flood insurance "u ! ,national ,flood ,insurance ,program2 7vi7 two repres5tatives ( cata/rophic risk insurance programs2 7vii7 "o insurance claims speciali/2 7viii7 "o repres5tative ( a recogniz$ consum] advocacy organization2 7ix7 "o individual hav+ demon/rat$ exp]tise 9 ! *all5ges 9 insur+ l[-income communities2 7x7 "o repres5tative f an academic in/itution :o has demon/rat$ exp]tise 9 insurance2 & 7xi7 su* o!r recogniz$ exp]ts 9 ! field ( insurance z ! ,adm9i/rator consid]s necess>y4 7#b7 ,qualifications ,9 appo9t+ memb]s "u p>agraph 7#a77;,c71 ! ,adm9i/rator %all1 to ! maximum ext5t practicable1 ensure ! memb]%ip ( ! ,committee has a balance ( memb]s reflect+ geographic div]sity1 includ+ repres5tation f areas inl& or ) coa/l9e id5tifi$ by ! ,adm9i/rator z at high risk = flood+ or z areas hav+ special flood haz>ds4 7c7 ,duties ,! ,committee %all review1 & make recomm5dations to ! ,adm9i/rator1 ^u reque/1 on matt]s relat$ to ! insurance aspects ( ! ,national ,flood ,insurance ,program1 includ+ ratemak+1 te*nology to adm9i/] insurance1 risk assessm5t1 actu>ial practices1 claims practices1 sales & insurance deliv]y1 comp5sation & all[ances1 g5]ally & bas$ on ! complexities ( ! program1 & be/ insurance practices4 7d7 ,*airp]son ,! memb]s ( ! ,committee %all elect "o memb] to s]ve z ! *airp]son ( ! ,committee 79 ?is section ref]r$ to z ! ,*airp]son74 7e7 ,comp5sation ,memb]s ( ! ,committee %all receive no additional comp5sation by reason ( _! s]vice on ! ,committee4 7f7 ,meet+s & actions 7#a7 ,9 g5]al ,! ,committee %all meet n less frequ5tly ?an twice ea* ye> at ! reque/ ( ! ,*airp]son or a majority ( its memb]s1 & may take action by a vote ( ! majority ( ! memb]s 9 accordance ) ! ,committee's *>t]4 7#b7 ,initial meet+ ,! ,adm9i/rator1 or a p]son designat$ by ! ,adm9i/rator1 %all reque/ & coord9ate ! initial meet+ ( ! ,committee4 7g7 ,/aff ( ,,fema ,^u ! reque/ ( ! ,*airp]son1 ! ,adm9i/rator may detail1 on a nonreimbursable basis1 p]sonnel ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy to assi/ ! ,committee 9 c>ry+ out its duties4 7h7 ,p[]s ,9 c>ry+ out ?is section1 ! ,committee may hold he>+s1 receive evid5ce & assi/ance1 provide in=mation1 & conduct rese>*1 z x consid]s appropriate4 7i7 ,reports to ,congress ,! ,adm9i/rator1 on an annual basis1 %all report to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives1 ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate1 & ! ,(fice ( ,managem5t & ,budget on-- 7#a7 ! recomm5dations made by ! ,committee2 7#b7 actions tak5 by ! ,f$]al ,em]g5cy ,managem5t ,ag5cy to address su* recomm5dations to improve ! insurance aspects ( ! national flood insurance program2 & 7#c7 any recomm5dations made by ! ,committee t h be5 def]r$ or n act$ ^u1 toge!r ) an explanatory /atem5t4 #aag4 ,int]ag5cy guidance on compliance ,! ,f$]al entities = l5d+ regulation 7z su* t]m is def9$ 9 section #c7;a7 ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djjc7;a7771 9 consultation ) ! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy1 %all update & reissue ! docum5t entitl$ ,int]ag5cy ,que/ions & ,answ]s ,reg>d+ ,flood ,insurance n lat] ?an ! expiration ( ! #ab-mon? p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act & n less frequ5tly ?an bi5nially !reaft]4 #aah4 ,,gao /udy ( claims adju/m5t practices ,! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all conduct a /udy ( ! policies & practices = adju/m5t ( claims = losses "u flood insurance cov]age made available "u ! ,national ,flood ,insurance ,act1 :i* %all include-- 7#a7 a comp>ison ( su* policies & practices ) ! policies & practices = adju/m5t ( claims = losses "u o!r insurance cov]age2 7#b7 an assessm5t ( ! quality ( ! adju/m5ts conduct$ & ! effects ( su* policies & practices on su* quality2 7#c7 id5tification ( any inc5tives "u su* policies & practices t affect ! spe$ ) :i* su* adju/m5ts are conduct$2 & 7#d7 id5tification ( ! affects ( su* policies & practices on insur$s submitt+ su* claims = losses4 #aai4 ,,gao /udy ( flood insurance cov]age treatm5t ( e>? movem5t ,! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all conduct a /udy ( ! treatm5t1 "u flood insurance cov]age made available "u ! ,national ,flood ,insurance ,act1 ( e>? movem5t & subsid5ce1 includ+ e>? movem5t & subsid5ce caus$ by flood+1 :i* %all include-- 7#a7 id5tification & analysis ( ! effects ( su* treatm5t on ! ,national ,flood ,insurance ,program & insur$s "u ! program2 7#b7 an assessm5t ( ! availability & af=dability ( cov]age 9 ! private insurance m>ket = e>? movem5t & subsid5ce caus$ by flood+2 7#c7 an assessm5t ( ! effects on ! ,national ,flood ,insurance ,program ( cov]+ e>? movem5t & subsid5ce caus$ by flood+2 & 7#d7 a projection ( ! increas$ premiums t w\ld be requir$ to make cov]age = e>? movem5t losses actu>ially s\nd & n fiscally detrim5tal to ! cont9uation ( ! ,national ,flood ,insurance ,program4 #abj4 ,def9itions 7a7 ,national ,flood ,insurance ,act ( #aifh ,subsection 7a7 ( section #acgj ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #daba7;a77 is am5d$-- 7#a7 9 p>agraph 7#ad71 by /rik+ & at ! end2 7#b7 9 p>agraph 7#ae71 by /rik+ ! p]iod at ! end & ins]t+ a semicolon2 & 7#c7 by add+ at ! end ! foll[+ new p>agraphs3 7#af7 ! t]m ,write ,y\r ,own ,program means ! program "u :i* ! ,f$]al ,em]g5cy ,managem5t ,ag5cy ent]s into a /&>d arrangem5t ) private prop]ty insurance companies to sell contracts = flood insurance cov]age "u ?is title "u _! own bus9ess l9es ( insurance1 & to adju/ & pay claims aris+ "u su* contracts2 & 7#ag7 ! t]m ,write ,y\r ,own company means a private prop]ty insurance company t p>ticipates 9 ! ,write ,y\r ,own ,program4 4 7b7 ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab ,subsection 7a7 ( section #ajjbjb ( ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab 7#db ,u4,s4,c4 #djjd7;a77 is am5d$ by /rik+ p>agraph 7#e7 & ins]t+ ! foll[+ new p>agraph3 7#e7 ,write ,y\r ,own ,! t]ms ,write ,y\r ,own ,program & ,write ,y\r ,own company h ! mean+s giv5 su* t]ms 9 section #acgj7;a7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #daba7;a774 4 ,,ii ,increas+ consum] *oice ?r\gh private m>ket developm5t #bja4 ,private flood insurance 7a7 ,m&atory pur*ase requirem5t 7#a7 ,am\nt & t]m ( cov]age ,section #ajb ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djab;a7 is am5d$ by /rik+ ,sec4 #ajb4 7a7 & all t foll[s ?r\gh ! end ( subsection 7a7 & ins]t+ ! foll[+3 #ajb4 7a7 ,am\nt & t]m ( cov]age ,aft] ! expiration ( sixty days foll[+ ! date ( ! enactm5t ( ?is ,act1 no ,f$]al (fic] or ag5cy %all approve any f9ancial assi/ance = acquisition or con/ruction purposes = use 9 any area t has be5 id5tifi$ by ! ,adm9i/rator z an area hav+ special flood haz>ds & 9 :i* ! sale ( flood insurance has be5 made available "u ! ,national ,flood ,insurance ,act ( #aifh1 unless ! build+ or mobile home & any p]sonal prop]ty to :i* su* f9ancial assi/ance relates is cov]$ by flood insurance3 ,provid$1 ,t ! am\nt ( flood insurance 7#a7 9 ! case ( ,f$]al flood insurance1 is at lea/ equal to ! developm5t or project co/ ( ! build+1 mobile home1 or p]sonal prop]ty 7less e/imat$ l& co/71 ! out/&+ pr9cipal balance ( ! loan1 or ! maximum limit ( ,f$]al flood insurance cov]age made available ) respect to ! p>ticul> type ( prop]ty1 :i*ev] is less2 or 7#b7 9 ! case ( private flood insurance1 is at lea/ equal to ! developm5t or project co/ ( ! build+1 mobile home1 or p]sonal prop]ty 7less e/imat$ l& co/71 ! out/&+ pr9cipal balance ( ! loan1 or ! maximum limit ( ,f$]al flood insurance cov]age made available ) respect to ! p>ticul> type ( prop]ty1 :i*ev] is less3 ,provid$ fur!r1 ,t if ! f9ancial assi/ance provid$ is 9 ! =m ( a loan or an insurance or gu>anty ( a loan1 ! am\nt ( flood insurance requir$ ne$ n exce$ ! out/&+ pr9cipal balance ( ! loan & ne$ n be requir$ beyond ! t]m ( ! loan4 ,! requirem5t ( ma9ta9+ flood insurance %all apply dur+ ! life ( ! prop]ty1 reg>dless ( transf] ( own]%ip ( su* prop]ty4 4 7#b7 ,requirem5t = mortgage loans ,subsection 7b7 ( section #ajb ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djab;a7b77 is am5d$-- 7,a7 by /rik+ p>agraph 7#g72 7,b7 by r$esignat+ p>agraph 7#f7 z p>agraph 7#g72 7,c7 by /rik+ ! subsection designation & all t foll[s ?r\gh ! end ( p>agraph 7#e7 & ins]t+ ! foll[+3 7b7 ,requirem5t = mortgage loans 7#a7 ,regulat$ l5d+ in/itutions ,ea* ,f$]al entity = l5d+ regulation 7aft] consultation & coord9ation ) ! ,f9ancial ,in/itutions ,exam9ation ,c\ncil e/abli%$ "u ! ,f$]al ,f9ancial ,in/itutions ,exam9ation ,c\ncil ,act ( #aigd7 %all by regulation direct regulat$ l5d+ in/itutions n to make1 increase1 ext5d1 or r5ew any loan secur$ by improv$ real e/ate or a mobile home locat$ or to be locat$ 9 an area t has be5 id5tifi$ by ! ,adm9i/rator z an area hav+ special flood haz>ds & 9 :i* flood insurance has be5 made available "u ! ,national ,flood ,insurance ,act ( #aifh1 unless ! build+ or mobile home & any p]sonal prop]ty secur+ su* loan is cov]$ = ! t]m ( ! loan by flood insurance3 ,provid$1 ,t ! am\nt ( flood insurance 7,a7 9 ! case ( ,f$]al flood insurance1 is at lea/ equal to ! out/&+ pr9cipal balance ( ! loan or ! maximum limit ( ,f$]al flood insurance cov]age made available ) respect to ! p>ticul> type ( prop]ty1 :i*ev] is less2 or 7,b7 9 ! case ( private flood insurance1 is at lea/ equal to ! out/&+ pr9cipal balance ( ! loan or ! maximum limit ( ,f$]al flood insurance cov]age made available ) respect to ! p>ticul> type ( prop]ty1 :i*ev] is less4 7#b7 ,f$]al ag5cy l5d]s & mortgage insurance & gu>antee ag5cies 7,a7 ,f$]al ag5cy l5d]s ,a ,f$]al ag5cy l5d] may n make1 increase1 ext5d1 or r5ew any loan secur$ by improv$ real e/ate or a mobile home locat$ or to be locat$ 9 an area t has be5 id5tifi$ by ! ,adm9i/rator z an area hav+ special flood haz>ds & 9 :i* flood insurance has be5 made available "u ! ,national ,flood ,insurance ,act ( #aifh1 unless ! build+ or mobile home & any p]sonal prop]ty secur+ su* loan is cov]$ = ! t]m ( ! loan by flood insurance 9 accordance ) p>agraph 7#a74 ,ea* ,f$]al ag5cy l5d] may issue any regulations necess>y to c>ry out ?is p>agraph4 ,su* regulations %all be consi/5t ) & sub/antially id5tical to ! regulations issu$ "u p>agraph 7#a74 7,b7 ,o!r ,f$]al mortgage entities 7i7 ,cov]age requirem5ts ,ea* cov]$ ,f$]al mortgage entity %all implem5t proc$ures reasonably design$ to ensure t1 = any loan t-- 7,i7 is secur$ by improv$ real e/ate or a mobile home locat$ 9 an area t has be5 id5tifi$1 at ! "t ( ! orig9ation ( ! loan or at any "t dur+ ! t]m ( ! loan1 by ! ,adm9i/rator z an area hav+ special flood haz>ds & 9 :i* flood insurance is available "u ! ,national ,flood ,insurance ,act ( #aifh1 & 7,,ii7 is made1 insur$1 held1 or gu>ante$ by su* entity1 or backs or on :i* is bas$ any tru/ c]tificate or o!r security = :i* su* entity gu>antees ! timely paym5t ( pr9cipal & int]e/1 ! build+ or mobile home & any p]sonal prop]ty secur+ ! loan is cov]$ = ! t]m ( ! loan by flood insurance 9 ! am\nt provid$ 9 p>agraph 7#a74 7ii7 ,def9ition ,= purposes ( ?is subp>agraph1 ! t]m cov]$ ,f$]al mortgage entity means-- 7,i7 ! ,secret>y ( ,h\s+ & ,urban ,developm5t1 ) respect to mortgages insur$ "u ! ,national ,h\s+ ,act2 7,,ii7 ! ,secret>y ( ,agriculture1 ) respect to loans made1 insur$1 or gu>ante$ "u title ,v ( ! ,h\s+ ,act ( #aidi2 & 7,,iii7 ! ,gov]nm5t ,national ,mortgage ,association4 7,c7 ,requirem5t to accept flood insurance ,ea* ,f$]al ag5cy l5d] & ea* cov]$ ,f$]al mortgage entity %all accept flood insurance z satisfaction ( ! flood insurance cov]age requirem5t "u subp>agraph 7,a7 or 7,b71 respectively1 if ! flood insurance cov]age meets ! requirem5ts = cov]age "u su* subp>agraph & ! requirem5ts relat+ to f9ancial /r5g? issu$ pursuant to p>agraph 7#d74 7#c7 ,gov]nm5t-sponsor$ ent]prises = h\s+ ,! ,f$]al ,national ,mortgage ,association & ! ,f$]al ,home ,loan ,mortgage ,corporation %all implem5t proc$ures reasonably design$ to ensure t1 = any loan t is-- 7,a7 secur$ by improv$ real e/ate or a mobile home locat$ 9 an area t has be5 id5tifi$1 at ! "t ( ! orig9ation ( ! loan or at any "t dur+ ! t]m ( ! loan1 by ! ,adm9i/rator z an area hav+ special flood haz>ds & 9 :i* flood insurance is available "u ! ,national ,flood ,insurance ,act ( #aifh1 & 7,b7 pur*as$ or gu>ante$ by su* entity1 ! build+ or mobile home & any p]sonal prop]ty secur+ ! loan is cov]$ = ! t]m ( ! loan by flood insurance 9 ! am\nt provid$ 9 p>agraph 7#a74 ,! ,f$]al ,national ,mortgage ,association & ! ,f$]al ,home ,loan ,mortgage ,corporation %all accept flood insurance z satisfaction ( ! flood insurance cov]age requirem5t "u p>agraph 7#a7 if ! flood insurance cov]age provid$ meets ! requirem5ts = cov]age "u t p>agraph & ! requirem5ts relat+ to f9ancial /r5g? issu$ pursuant to p>agraph 7#d74 7#d7 ,requirem5ts reg>d+ f9ancial /r5g? ,! ,director ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy1 9 consultation ) ! ,f$]al ,national ,mortgage ,association1 ! ,f$]al ,home ,loan ,mortgage ,corporation1 ! ,secret>y ( ,h\s+ & ,urban ,developm5t1 ! ,gov]nm5t ,national ,mortgage ,association1 & ! ,secret>y ( ,agriculture %all develop & implem5t requirem5ts relat+ to ! f9ancial /r5g? ( private insurance companies f :i* su* entities & ag5cies w accept private flood insurance1 provid$ t su* requirem5ts %all n affect or conflict ) any ,/ate law1 regulation1 or proc$ure conc]n+ ! regulation ( ! bus9ess ( insurance4 7#e7 ,applicability 7,a7 ,exi/+ cov]age ,except z provid$ 9 subp>agraph 7,b71 p>agraph 7#a7 %all apply on ! date ( enactm5t ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid4 7,b7 ,new cov]age ,p>agraphs 7#b7 & 7#c7 %all apply only ) respect to any loan made1 increas$1 ext5d$1 or r5ew$ aft] ! expiration ( ! #a-ye> p]iod beg9n+ on ! date ( enactm5t ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid4 ,p>agraph 7#a7 %all apply ) respect to any loan made1 increas$1 ext5d$1 or r5ew$ by any l5d] sup]vis$ by ! ,f>m ,cr$it ,adm9i/ration only aft] ! expiration ( ! p]iod "u ?is subp>agraph4 7,c7 ,cont9u$ effect ( regulations ,not)/&+ any o!r provision ( ?is subsection1 ! regulations to c>ry out p>agraph 7#a71 z 9 effect imm$iately be=e ! date ( enactm5t ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid1 %all cont9ue to apply until ! regulations issu$ to c>ry out p>agraph 7#a7 z am5d$ by section #ebb7;a7 ( su* ,act take effect4 7#f7 ,rule ( con/ruction ,except z o!rwise specifi$1 any ref]5ce to flood insurance 9 ?is section %all be consid]$ to include ,f$]al flood insurance & private flood insurance4 ,no?+ 9 ?is subsection %all be con/ru$ to sup]s$e or limit ! au?ority ( a ,f$]al entity = l5d+ regulation1 ! ,f$]al ,h\s+ ,f9ance ,ag5cy1 a ,f$]al ag5cy l5d]1 a cov]$ ,f$]al mortgage entity 7z su* t]m is def9$ 9 p>agraph 7#b77;,b77ii771 ! ,f$]al ,national ,mortgage ,association1 or ! ,f$]al ,home ,loan ,mortgage ,corporation to e/abli% requirem5ts relat+ to ! f9ancial /r5g? ( private insurance companies f :i* ! entity or ag5cy w accept private flood insurance1 provid$ t su* requirem5ts %all n affect or conflict ) any ,/ate law1 regulation1 or proc$ure conc]n+ ! regulation ( ! bus9ess ( insurance4 2 & 7,d7 by add+ at ! end ! foll[+ new p>agraphs3 7#h7 ,def9itions ,9 ?is section3 7,a7 ,flood insurance ,! t]m flood insurance means-- 7i7 ,f$]al flood insurance2 & 7ii7 private flood insurance4 7,b7 ,f$]al flood insurance ,! t]m ,f$]al flood insurance means an insurance policy made available "u ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djja et seq474 7,c7 ,mutual aid society ,! t]m mutual aid society means an organization-- 7i7 ! memb]s ( :i*-- 7,i7 %>e a common set ( e?ical or religi\s beliefs2 & 7,,ii7 9 accordance ) ! beliefs describ$ 9 subclause 7,i71 agree to cov] exp5ses aris+ f damage to prop]ty ( ! memb]s ( ! organization1 includ+ damage caus$ by flood+2 & 7ii7 t has a demon/rat$ hi/ory ( fulfill+ ! t]ms ( agreem5ts to cov] exp5ses aris+ f damage to prop]ty ( ! memb]s ( ! organization caus$ by flood+4 7,d7 ,private flood insurance ,! t]m private flood insurance means-- 7i7 an insurance policy t-- 7,i7 is issu$ by an insurance company t is-- 7aa7 lic5s$1 admitt$1 or o!rwise approv$ to engage 9 ! bus9ess ( insurance 9 ! ,/ate 9 :i* ! insur$ build+ is locat$1 by ! insurance regulator ( t ,/ate2 or 7bb7 eligible z a nonadmitt$ insur] to provide insurance 9 ! home ,/ate ( ! insur$1 9 accordance ) sections #eba ?r\gh #ebg ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act 7#ae ,u4,s4,c4 #hbja ?r\gh #hbjf72 7,,ii7 is issu$ by an insurance company t is n o!rwise disapprov$ z a surplus l9es insur] by ! insurance regulator ( ! ,/ate 9 :i* ! prop]ty to be insur$ is locat$2 & 7,,iii7 provides flood insurance cov]age t complies ) ! laws & regulations ( t ,/ate2 or 7ii7 an agreem5t ) a mutual aid society = su* society to cov] exp5ses aris+ f damage to prop]ty ( ! memb]s ( su* society caus$ by flood+1 unless ! ,/ate 9 :i* ! prop]ty to be insur$ is locat$ has-- 7,i7 det]m9$ t ! specific mutual aid society may n provide su* cov]age or provide su* cov]age 9 su* mann]2 or 7,,ii7 specifically provid$ ?r\gh law or regulation t mutual aid societies may n provide su* cov]age or provide su* cov]age 9 su* mann]4 7,e7 ,/ate ,! t]m ,/ate means any ,/ate ( ! ,unit$ ,/ates1 ! ,di/rict ( ,columbia1 ! ,commonweal? ( ,pu]to ,rico1 ,guam1 ! ,nor!rn ,m>iana ,isl&s1 ! ,virg9 ,isl&s1 & ,am]ican ,samoa4 4 7b7 ,effect ( private flood insurance cov]age on cont9u\s cov]age requirem5ts ,section #acjh ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae71 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$ by add+ at ! end ! foll[+3 7o7 ,effect ( private flood insurance cov]age on cont9u\s cov]age requirem5ts ,= purposes ( apply+ any /atutory1 regulatory1 or adm9i/rative cont9u\s cov]age requirem5t1 includ+ "u section #acjg7;g77#a71 ! ,adm9i/rator %all consid] any p]iod dur+ :i* a prop]ty 0 cont9u\sly cov]$ by private flood insurance 7z def9$ 9 section #ajb7;b77#h7 ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djab;a7b77#h777 to be a p]iod ( cont9u\s cov]age4 4 #bjb4 ,opt-out ( m&atory cov]age requirem5t = comm]cial prop]ties 7a7 ,am5dm5ts to ,flood ,disa/] ,protection ,act ( #aigc ,effective on ,janu>y #a1 #bjai1 ! ,flood ,disa/] ,protection ,act ( #aigc1 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$-- 7#a7 9 section #c7;a7 7#db ,u4,s4,c4 #djjc7;a77-- 7,a7 9 p>agraph 7#aj71 by /rik+ & at ! end2 7,b7 9 p>agraph 7#aa71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7,c7 by add+ at ! end ! foll[+ new p>agraph3 7#ab7 resid5tial improv$ real e/ate means improv$ real e/ate t-- 7,a7 is prim>ily us$ = resid5tial purposes1 z def9$ by ! ,f$]al entities = l5d+ regulation2 & 7,b7 secures f9anc+ or f9ancial assi/ance provid$ ?r\gh a f$]ally relat$ s+le family loan program1 z def9$ by ! ,f$]al entities = l5d+ regulation4 2 & 7#b7 9 section #ajb 7#db ,u4,s4,c4 #djab;a7-- 7,a7 9 subsection 7b7-- 7i7 9 p>agraph 7#a7-- 7,i7 by ins]t+ resid5tial be=e improv$ real e/ate2 & 7,,ii7 by ins]t+ resid5tial be=e build+ or mobile home2 7ii7 9 p>agraph 7#b7-- 7,i7 by ins]t+ resid5tial be=e improv$ real e/ate ea* place su* t]m appe>s2 & 7,,ii7 by ins]t+ resid5tial be=e build+ or mobile home ea* place su* t]m appe>s2 & 7iii7 9 p>agraph 7#c7-- 7,i7 9 subp>agraph 7,a71 by ins]t+ resid5tial be=e improv$ real e/ate2 & 7,,ii7 9 ! matt] aft] & bel[ subp>agraph 7,b71 by ins]t+ resid5tial be=e build+ or mobile home2 7,b7 9 subsection 7c77#c71 by /rik+ 1 9 ! case ( any resid5tial prop]ty1 = any /ructure t is a "p ( su* prop]ty & ins]t+ = any /ructure t is a "p ( a resid5tial prop]ty2 7,c7 9 subsection 7e7-- 7i7 9 p>agraph 7#a7-- 7,i7 by ins]t+ resid5tial be=e improv$ real e/ate2 & 7,,ii7 by ins]t+ resid5tial be=e build+ or mobile home ea* place su* t]m appe>s2 & 7ii7 9 p>agraph 7#e7-- 7,i7 9 subp>agraph 7,a7-- 7aa7 by ins]t+ resid5tial be=e improv$ real e/ate ea* place su* t]m appe>s2 & 7bb7 by ins]t+ resid5tial be=e build+ or mobile home ea* place su* t]m appe>s2 7,,ii7 9 subp>agraph 7,b71 by ins]t+ resid5tial be=e build+ or mobile home ea* place su* t]m appe>s2 & 7,,iii7 9 subp>agraph 7,c71 by ins]t+ resid5tial be=e build+ or mobile home2 & 7,d7 9 subsection 7h7-- 7i7 by ins]t+ resid5tial be=e improv$ real e/ate ea* place su* t]m appe>s2 & 7ii7 9 ! matt] prec$+ p>agraph 7#a71 by ins]t+ resid5tial be=e build+ or mobile home4 7b7 ,am5dm5ts to ,national ,flood ,insurance ,act ( #aifh ,effective on ,janu>y #a1 #bjai1 ! ,national ,flood ,insurance ,act ( #aifh1 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$-- 7#a7 9 section #acfd7;a7 7#db ,u4,s4,c4 #dajd;a7a77-- 7,a7 9 p>agraph 7#a71 by ins]t+ resid5tial be=e improv$ real e/ate2 7,b7 9 p>agraph 7#b71 by ins]t+ resid5tial be=e improv$ real e/ate2 & 7,c7 9 p>agraph 7#c77;,a71 by ins]t+ resid5tial be=e build+2 7#b7 9 section #acfe 7#db ,u4,s4,c4 #dajd;b7-- 7,a7 9 subsection 7a7-- 7i7 by ins]t+ resid5tial be=e improv$ real e/ate2 & 7ii7 by ins]t+ resid5tial be=e build+2 7,b7 9 subsection 7b77#b7-- 7i7 by ins]t+ resid5tial be=e build+ ea* place su* t]m appe>s2 & 7ii7 by ins]t+ resid5tial be=e improv$ real e/ate ea* place su* t]m appe>s2 7,c7 9 subsection 7d71 by ins]t+ resid5tial be=e improv$ real e/ate ea* place su* t]m appe>s2 & 7,d7 9 subsection 7e7-- 7i7 by ins]t+ resid5tial be=e improv$ real e/ate2 & 7ii7 by ins]t+ resid5tial be=e build+ ea* place su* t]m appe>s2 & 7#c7 9 section #acgj 7#db ,u4,s4,c4 #daba7-- 7,a7 9 p>agraph 7#h71 by ins]t+ resid5tial be=e improv$ real e/ate2 7,b7 by r$esignat+ p>agraphs 7#ad7 ?r\gh 7#ag7 z p>agraphs 7#ae7 ?r\gh 7#ah71 respectively2 & 7,c7 by ins]t+ aft] p>agraph 7#ac7 ! foll[+ new p>agraph3 7#ad7 ! t]m resid5tial improv$ real e/ate means improv$ real e/ate t-- 7,a7 is prim>ily us$ = resid5tial purposes1 z def9$ by ! ,f$]al entities = l5d+ regulation2 & 7,b7 secures f9anc+ or f9ancial assi/ance provid$ ?r\gh a f$]ally relat$ s+le family loan program1 z def9$ by ! ,f$]al entities = l5d+ regulation2 4 7c7 ,rule ( con/ruction ,?is section & ! am5dm5ts made by ?is section may n be con/ru$ to prohibit ! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy f (f]+ flood insurance cov]age "u ! ,national ,flood ,insurance ,program = eligible non-resid5tial prop]ties1 o!r resid5tial multifamily prop]ties1 or /ructures f9anc$ ) comm]cial loans1 or to prohibit ! pur*ase ( su* cov]age = su* eligible prop]ties4 #bjc4 ,elim9ation ( non-compete requirem5t ,section #acde ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djha7 is am5d$ by add+ at ! end ! foll[+ new subsection3 7f7 ,au?ority ,to provide o!r flood cov]age 7#a7 ,9 g5]al ,! ,adm9i/rator may n1 z a condition ( p>ticipat+ 9 ! ,write ,y\r ,own ,program 7z su* t]m is def9$ 9 section #acgj7;a77 or 9 o!rwise p>ticipat+ 9 ! utilization by ! ,adm9i/rator ( ! facilities & s]vices ( insurance companies1 insur]s1 insurance ag5ts & brok]s1 & insurance adju/m5t organizations pursuant to ! au?ority 9 ?is section1 nor z a condition ( eligibility to engage 9 any o!r activities "u ! ,national ,flood ,insurance ,program "u ?is title1 re/rict any su* company1 insur]1 ag5t1 brok]1 or organization f (f]+ & sell+ private flood insurance 7z su* t]m is def9$ 9 section #ajb7;b77#i7 ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djab;a7b77#i7774 7#b7 ,f9ancial assi/ance_/subsidy arrangem5t ,aft] ! date ( ! enactm5t ( ?is subsection-- 7,a7 ! ,adm9i/rator may n include 9 any agreem5t ent]$ into ) any insur] = p>ticipation 9 ! ,write ,y\r ,own ,program any provision e/abli%+ a condition prohibit$ by p>agraph 7#a71 includ+ ! provisions ( ,article ,,xiii ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy1 ,f$]al ,insurance ,adm9i/ration1 ,f9ancial ,assi/ance_/,subsidy ,arrangem5t1 z adopt$ pursuant to section #fb4bc7;a7 ( title #dd ( ! ,code ( ,f$]al ,regulations2 & 7,b7 any su* provision 9 any su* agreem5t ent]$ into be=e su* date ( enactm5t %all n h any =ce or effect1 & ! ,adm9i/rator may n take any action to en=ce su* provision4 4 #bjd4 ,public availability ( program in=mation ,"p ,c ( *apt] ,,ii ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djha et seq47 is am5d$ by add+ at ! end ! foll[+ new section3 #acdi4 ,public availability ( program in=mation 7a7 ,flood risk in=mation 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#b71 to facilitate ! ,national ,flood ,insurance ,program becom+ a s\rce ( in=mation & data = rese>* & developm5t ( te*nology t bett] und]/&s flood+1 ! risk ( flood+1 & ! pr$ictability ( p]ils ( flood+1 ! ,adm9i/rator %all make publicly available all data1 models1 assessm5ts1 analytical tools1 & o!r in=mation 9 ! possession ( ! ,adm9i/rator relat+ to ! ,national ,flood ,insurance ,program "u ?is title t is us$ 9 assess+ flood risk or id5tify+ & e/abli%+ flood elevations & premiums1 includ+-- 7,a7 data relat+ to risk on individual prop]ties & loss ratio in=mation & o!r in=mation id5tify+ losses "u ! program2 7,b7 curr5t & hi/orical policy in=mation1 limit$ to ! am\nt & t]m only1 = prop]ties curr5tly cov]$ by flood insurance & = prop]ties t are no long] cov]$ by flood insurance2 7,c7 curr5t & hi/orical claims in=mation1 limit$ to ! date & am\nt paid only1 = prop]ties curr5tly cov]$ by flood insurance & = prop]ties t are no long] cov]$ by flood insurance2 7,d7 id5tification ( :e!r a prop]ty 0 con/ruct$ be=e or aft] ! effective date ( ! fir/ flood insurance rate map = a community2 7,e7 id5tification ( prop]ties t h be5 mitigat$ ?r\gh elevation1 a buy\t1 or any o!r mitigation action2 & 7,f7 id5tification ( unmitigat$ multiple-loss prop]ties4 7#b7 ,op5 s\rce data sy/em ,9 c>ry+ out p>agraph 7#a71 ! ,adm9i/rator %all e/abli% an op5 s\rce data sy/em by :i* all in=mation requir$ to be made publicly available by su* subsection may be access$ by ! public on an imm$iate basis by electronic means4 7b7 ,community in=mation ,n lat] ?an ! expiration ( ! #ab-mon? p]iod beg9n+ ^u ! date ( ! enactm5t ( ?is section1 ! ,adm9i/rator %all e/abli% & ma9ta9 a publicly se>*able database t provides in=mation ab\t ea* community p>ticipat+ 9 ! ,national ,flood ,insurance ,program1 :i* %all include ! foll[+ in=mation3 7#a7 ,! /atus ( ! community's compliance ) ! ,national ,flood ,insurance ,program1 includ+ any f9d+s ( noncompliance1 ! /atus ( any en=cem5t actions initiat$ by a ,/ate or by ! ,adm9i/rator1 & ! numb] ( days ( any su* cont9u+ noncompliance4 7#b7 ,! numb] ( prop]ties locat$ 9 ! community's special flood haz>d areas t 7 built be=e ! effective date ( ! fir/ flood insurance rate map = ! community4 7#c7 ,! numb] ( prop]ties locat$ 9 ! community's special flood haz>d areas t 7 built aft] ! effective date ( ! fir/ flood insurance rate map = ! community4 7#d7 ,! total numb] ( curr5t & hi/orical claims locat$ outside ! community's special flood haz>d areas4 7#e7 ,! total numb] ( multiple-loss prop]ties 9 ! community4 7#f7 ,! portion ( ! community1 /at$ z a p]c5tage & 9 t]ms ( squ>e miles1 t is locat$ )9 special flood haz>d areas4 7c7 ,id5tification ( prop]ties ,! in=mation provid$ pursuant to subsections 7a7 & 7b7 %all be bas$ on data t id5tifies prop]ties at ! zip code or c5sus block level1 & %all include ! "n ( ! community & ,/ate 9 :i* a prop]ty is locat$4 7d7 ,protection ( p]sonally id5tifiable in=mation ,! in=mation provid$ pursuant to subsections 7a7 & 7b7 %all be disclos$ 9 a =mat t does n reveal individually id5tifiable in=mation ab\t prop]ty own]s 9 accordance ) ! section #eeb;a ( title #e1 ,unit$ ,/ates ,code4 7e7 ,def9ition ( loss ratio ,= purposes ( ?is section1 ! t]m loss ratio means1 ) respect to ! ,national ,flood ,insurance ,program1 ! ratio ( ! am\nt ( claims paid "u ! ,program to ! am\nt ( premiums paid "u ! ,program4 4 #bje4 ,refund ( premiums ^u cancellation ( policy because ( replacem5t ) private flood insurance ,section #acjf ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djac7 is am5d$ by add+ at ! end ! foll[+ new subsection3 7e7 ,refund ( une>n$ premiums = policies cancel$ because ( replacem5t ) private flood insurance 7#a7 ,requir$ refund ,subject to subsection 7c71 if at any "t an insur$ "u a policy = flood insurance cov]age = a prop]ty t is made available "u ?is title cancels su* policy because o!r duplicate flood insurance cov]age = ! same prop]ty has be5 obta9$ f a s\rce o!r ?an ! ,national ,flood ,insurance ,program "u ?is title1 ! ,adm9i/rator %all refund to ! =m] insur$ a portion ( ! premiums paid = ! cov]age made available "u ?is title1 z det]m9$ consi/5t ) indu/ry practice accord+ to ! portion ( ! t]m ( ! policy t su* cov]age 0 9 effect1 b only if a copy ( decl>ations page ( ! new policy obta9$ f a s\rce o!r ?an ! program "u ?is title is provid$ to ! ,adm9i/rator4 7#b7 ,effective date ( cancellation ,= purposes ( ?is subsection1 a cancellation ( a policy = cov]age made available "u ! national flood insurance program "u ?is title1 = ! reason specifi$ 9 p>agraph 7#a71 %all be effective-- 7,a7 on ! effective date ( ! new policy obta9$ f a s\rce o!r ?an ! program "u ?is title1 if ! reque/ = su* cancellation 0 receiv$ by ! ,adm9i/rator be=e ! expiration ( ! #f-mon? p]iod beg9n+ on ! effective date ( ! new policy2 or 7,b7 on ! date ( ! receipt by ! ,adm9i/rator ( ! reque/ = cancellation1 if ! reque/ = su* cancellation 0 receiv$ by ! ,adm9i/rator aft] ! expiration ( ! #f-mon? p]iod beg9n+ on ! effective date ( ! new policy4 7#c7 ,prohibition ( refunds = prop]ties receiv+ increas$ co/ ( compliance claims ,no premium am\nts paid = cov]age made available "u ?is title may be refund$ pursuant to ?is subsection-- 7,a7 ) respect to cov]age = any prop]ty = :i* measures h be5 implem5t$ us+ am\nts receiv$ pursuant to a claim "u increas$ co/ ( compliance cov]age made available pursuant to section #acjd7;b72 or 7,b7 if a claim has be5 paid or is p5d+ "u ! policy t]m = :i* ! refund is s\ght4 4 #bjf4 ,,gao /udy ( flood damage sav+s acc\nts 7a7 ,9 g5]al ,! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all conduct a /udy to analyze ! feasibility & effectiv5ess1 & problems involv$1 9 r$uc+ flood insurance premiums & elim9at+ ! ne$ = pur*ase ( flood insurance cov]age by au?oriz+ own]s ( resid5tial prop]ties to e/abli% flood damage sav+s acc\nts describ$ 9 subsection 7b7 9 lieu ( comply+ ) ! m&atory requirem5ts "u section #ajb ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djab;a7 to pur*ase flood insurance = su* prop]ties4 7b7 ,flood damage sav+s acc\nt ,a flood damage sav+s acc\nt describ$ 9 ?is subsection is a sav+s acc\nt-- 7#a7 t w\ld be e/abli%$ by an own] ( resid5tial prop]ty ) respect to su* prop]ty 9 accordance ) requirem5ts e/abli%$ by ! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy2 & 7#b7 ! proce$s ( :i* w\ld be available = use only to cov] losses to su* prop]ties result+ f flood+1 pursuant to adju/m5t ( a claim = su* losses 9 ! same mann] & accord+ to ! same proc$ures z apply to claims = losses "u flood insurance cov]age made available "u ! ,national ,flood ,insurance ,act ( #aifh4 7c7 ,issues ,su* /udy %all include an analysis (1 & recomm5dation reg>d+1 ea* ( ! foll[+ issues3 7#a7 ,:e!r au?oriz+ ! e/abli%m5t ( su* flood damage sav+s acc\nts w\ld be effective & effici5t 9 r$uc+ flood insurance premiums1 elim9at+ ! ne$ = pur*ase ( flood insurance cov]age made available "u ! ,national ,flood ,insurance ,program1 & r$uc+ risks to ! f9ancial safety & s\ndness ( ! ,national ,flood ,insurance ,fund4 7#b7 ,possible options = /ructur+ su* flood damage sav+s acc\nts1 includ+-- 7,a7 :at types ( in/itutions c\ld hold su* acc\nts & ! b5efits & problems ) ea* su* type ( in/itution2 7,b7 consid]ations affect+ ! am\nts requir$ to be held 9 su* acc\nts2 & 7,c7 options reg>d+ consid]ations ! conditions "u :i* su* an acc\nt may be t]m9at$4 7#c7 ,! feasibility & effectiv5ess1 & problems involv$ 91 au?oriz+ ! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy to make second>y flood insurance cov]age available "u ! ,national ,flood ,insurance ,program to cov] ! portion ( flood losses or damages to prop]ties = :i* su* flood damage sav+s acc\nts h be5 e/abli%$ t exce$ ! am\nts held 9 su* acc\nts4 7#d7 ,! b5efits & problems involv$ 9 au?oriz+ ! e/abli%m5t ( su* acc\nts = non-resid5tial prop]ties4 7d7 ,report ,n lat] ?an ! expiration ( ! #ab-mon? p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al %all submit a report to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives1 ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate1 & ! ,adm9i/rator t sets =? ! analysis1 conclusions1 & recomm5dations result+ f ! /udy "u ?is section4 ,su* report %all id5tify elem5ts t %\ld be tak5 into consid]ation by ! ,adm9i/rator 9 design+ & c>ry+ out ! demon/ration program "u section #bjg4 #bjg4 ,demon/ration program = flood damage sav+s acc\nts 7a7 ,plan ,if ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates concludes 9 ! report requir$ "u section #bjf t a demon/ration program "u ?is section is feasible & %\ld be consid]$1 !n ! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy %all1 n lat] ?an ! expiration ( ! #ab-mon? p]iod beg9n+ ^u ! submission ( ! report "u section #bjf7;d71 submit to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate a plan & guidel9es = a demon/ration program1 to be c>ri$ out by ! ,adm9i/rator1 to demon/rate ! feasibility & effectiv5ess ( au?oriz+ ! e/abli%m5t ( flood damage sav+s acc\nts1 tak+ into consid]ation ! analysis1 conclusions1 & recomm5dations includ$ 9 su* report4 7b7 ,au?ority ,! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy %all c>ry out a program to demon/rate ! feasibility & effectiv5ess ( au?oriz+ ! e/abli%m5t ( flood damage sav+s acc\nts 9 ! mann] provid$ 9 plan & guidel9es = ! demon/ration program submitt$ pursuant to subsection 7a74 7c7 ,scope ,! demon/ration program "u ?is section %all provide = ! e/abli%m5t ( flood damage sav+s acc\nts ) respect to n m ?an #e p]c5t ( ! resid5tial prop]ties t h #d or few] resid5ces & t are cov]$ by flood insurance cov]age made available "u ! ,national ,flood ,insurance ,program4 7d7 ,tim+ ,! ,adm9i/rator %all comm5ce ! demon/ration program "u ?is section n lat] ?an ! expiration ( ! #ab-mon? p]iod beg9n+ ^u ! submission ( ! plan & guidel9es = ! demon/ration pursuant to subsection 7a74 7e7 ,geographical div]sity ,! ,adm9i/rator %all ensure t prop]ties = :i* flood damage sav+s acc\nts are e/abli%$ "u ! demon/ration are locat$ 9 div]se geographical areas ?r\gh\t ! ,unit$ ,/ates4 7f7 ,report ,^u ! expiration ( ! #b-ye> p]iod beg9n+ ^u ! date ( ! comm5cem5t ( ! demon/ration program "u ?is section1 ! ,adm9i/rator %all submit a report to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate describ+ & assess+ ! demon/ration1 & sett+ =? conclusions & recomm5dations reg>d+ cont9u+ & exp&+ ! demon/ration4 7g7 ,feasibility ,! ,adm9i/rator %all implem5t ?is section only aft] det]m9+ t implem5tation is support$ by ! ,comptroll]'s conclusions & recomm5dations conta9$ 9 ! report requir$ "u section #bjf4 ,,iii ,mapp+ fairness #cja4 ,use ( o!r risk assessm5t tools 9 det]m9+ premium rates 7a7 ,e/imates ( premium rates ,subp>agraph 7,a7 ( section #acjg7;a77#a7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djad7;a77#a77;,a771 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$-- 7#a7 9 clause 7ii71 by /rik+ & at ! end2 & 7#b7 by add+ at ! end ! foll[+ new clause3 7iv7 bo? ! risk id5tifi$ by ! applicable flood insurance rate maps & by o!r risk assessm5t data & tools1 includ+ risk assessm5t models & scores f appropriate s\rces2 & 4 7b7 ,e/abli%m5t ( *>geable premium rates ,p>agraph 7#a7 ( section #acjh7;b7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7;b77#a77 is am5d$ by ins]t+ be=e ! semicolon at ! end ! foll[+3 1 tak+ into acc\nt bo? ! risk id5tifi$ by ! applicable flood insurance rate maps & by o!r risk assessm5t data & tools1 includ+ risk assessm5t models & scores f appropriate s\rces4 7c7 ,effective date & regulations 7#a7 ,effective date ,! am5dm5ts made by subsections 7a7 & 7b7 %all be made1 & %all take effect1 ^u ! expiration ( ! #cf-mon? p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act4 7#b7 ,regulations ,! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy %all issue regulations necess>y to implem5t ! am5dm5ts made by subsections 7a7 & 7b71 :i* %all id5tify risk assessm5t data & tools to be us$ 9 id5tify+ flood risk & appropriate s\rces = risk assessm5t models & scores to be s us$4 ,su* regulations %all be issu$ n lat] ?an ! expiration ( ! #cf-mon? p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act & %all take effect ^u ! expiration ( su* p]iod4 #cjb4 ,appeals reg>d+ exi/+ flood maps 7a7 ,9 g5]al ,section #acfj ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #daja7 is am5d$ by add+ at ! end ! foll[+ new subsection3 7k7 ,appeals ( exi/+ maps 7#a7 ,"r to appeal ,subject to p>agraph 7#f71 a ,/ate or local gov]nm5t1 or ! own] or lessee ( real prop]ty1 :o has made a =mal reque/ to ! ,adm9i/rator to update a flood map t ! ,adm9i/rator has d5i$ may at any "t appeal su* a d5ial z provid$ 9 ?is subsection4 7#b7 ,basis = appeal ,! basis = appeal "u ?is subsection %all be ! possession ( k or in=mation t-- 7,a7 ! base flood elevation level or designation ( any aspect ( a flood map is sci5tifically or te*nically inaccurate2 or 7,b7 factors exi/ t mitigate ! risk ( flood+1 includ+ dit*es1 banks1 walls1 vegetation1 levees1 lakes1 dams1 res]voirs1 bas91 ret5tion ponds1 & o!r natural or manmade topographical features4 7#c7 ,appeals process 7,a7 ,adm9i/rative adjudication ,an appeal "u ?is subsection %all be det]m9$ by a f9al adjudication on ! record1 & aft] opportunity = an adm9i/rative he>+4 7,b7 ,rights ^u adv]se decision ,if an appeal pursuant to subp>agraph 7,a7 does n result 9 a decision 9 favor ( ! ,/ate1 local gov]nm5t1 own]1 or lessee1 su* p>ty may appeal ! adv]se decision to ! ,sci5tific ,resolution ,panel provid$ = 9 section #acfc;,a1 :i* %all recomm5d a non-b9d+ decision to ! ,adm9i/rator4 7#d7 ,relief 7,a7 ,:olly successful appeals ,9 ! case ( a successful appeal result+ 9 a policyhold]'s prop]ty be+ remov$ f a special flood haz>d area1 su* policyhold] may cancel ! policy at any "t )9 ! curr5t policy ye>1 & ! ,adm9i/rator %all provide su* policyhold] a refund 9 ! am\nt ( any premiums paid = su* policy ye>1 plus any premiums paid = flood insurance cov]age t ! policyhold] 0 requir$ to pur*ase or ma9ta9 dur+ ! #b-ye> p]iod prec$+ su* policy ye>4 7,b7 ,p>tially successful appeals ,9 ! case ( any appeal 9 :i* mitigat+ factors 7 det]m9$ to h r$uc$1 b n elim9at$1 ! risk ( flood+1 ! ,adm9i/rator %all r$uce ! am\nt ( flood insurance cov]age requir$ to be ma9ta9$ = ! prop]ty conc]n$ by ! ratio ( ! successful portion ( ! appeal z comp>$ to ! entire appeal4 ,! ,adm9i/rator %all refund to ! policyhold] any paym5ts made 9 excess ( ! am\nt necess>y = su* new cov]age am\nt1 effective f ! "t :5 ! mitigat+ factor 0 creat$ or ! beg9n+ ( ! second policy ye> prec$+ ! det]m9ation ( ! appeal1 :i*ev] occurr$ lat]4 7,c7 ,additional relief ,! ,adm9i/rator may provide additional refunds 9 excess ( ! am\nts specifi$ 9 subp>agraphs 7,a7 & 7,b7 if ! ,adm9i/rator det]m9es t su* additional am\nts are w>rant$4 7#e7 ,recov]y ( co/s ,:51 incid5t to any appeal :i* is successful 9 :ole or "p reg>d+ ! designation ( ! base flood elevation or any aspect ( ! flood map1 includ+ elevation or designation ( a special flood haz>d area1 ! community1 or ! own] or lessee ( real prop]ty1 z ! case may be1 incurs exp5se 9 connection ) ! appeal1 includ+ s]vices provid$ by surveyors1 eng9e]s1 & sci5tific exp]ts1 ! ,adm9i/rator %all reimburse su* individual or community = reasonable exp5ses to an ext5t measur$ by ! ratio ( ! successful portion ( ! appeal z comp>$ to ! entire appeal1 b n includ+ legal s]vices1 9 ! effect+ ( an appeal bas$ on a sci5tific or te*nical error on ! "p ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy4 ,no reimbursem5t %all be made by ! ,adm9i/rator 9 respect to any fee or exp5se paym5t1 ! paym5t ( :i* 0 agre$ to be cont+5t ^u ! result ( ! appeal4 ,! ,adm9i/rator may use su* am\nts f ! ,national ,flood ,insurance ,fund e/abli%$ "u section #acaj z may be necess>y to c>ry out ?is p>agraph4 7#f7 ,inapplicability to community flood maps ,?is subsection %all n apply ) respect to any flood map t is 9 effect pursuant to c]tification "u ! /&>ds1 guidel9es1 & proc$ures e/abli%$ pursuant to section #ajjbae7m77#a77;,b7 ( ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab 7#db ,u4,s4,c4 #daja;a7m77#a77;,b774 7#g7 ,guidance ,! ,adm9i/rator %all issue guidance to implem5t ?is subsection1 :i* %all n be subject to ! notice & comm5t requirem5ts "u section #eec ( title #e1 ,unit$ ,/ates ,code4 4 7b7 ,deadl9e ,! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy %all issue ! guidance ref]r$ to section #acfj7k77#g7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #daja7k77#g771 z add$ by ! am5dm5t made by subsection 7a7 ( ?is section1 n lat] ?an ! expiration ( ! #f-mon? p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act4 #cjc4 ,appeals & publication ( project$ special flood haz>d areas 7a7 ,appeals ,section #acfc ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #dajd7 is am5d$-- 7#a7 9 subsection 7b71 by /rik+ ! second s5t5ce & ins]t+ ! foll[+3 ,any own] or lessee ( real prop]ty )9 ! community :o believes ! own]'s or lessee's rights to be adv]sely affect$ by ! ,adm9i/rator's propos$ det]m9ation may appeal su* det]m9ation to ! local gov]nm5t no lat] ?an #ij days aft] ! date ( ! second publication42 7#b7 9 subsection 7d71 by /rik+ subsection 7e7 & ins]t+ subsection 7f72 7#c7 by r$esignat+ subsections 7e71 7f71 & 7g7 z subsections 7f71 7g71 & 7h71 respectively2 & 7#d7 by ins]t+ aft] subsection 7d7 ! foll[+ new subsection3 7e7 ,det]m9ation by ,adm9i/rator 9 ! abs5ce ( appeals ,if ! ,adm9i/rator has n receiv$ any appeals1 ^u expiration ( ! #ij-;day appeal p]iod e/abli%$ "u subsection 7b7 ( ?is section ! ,adm9i/rator's propos$ det]m9ation %all become f9al4 ,! community %all be giv5 a reasonable "t aft] ! ,adm9i/rator's f9al det]m9ation 9 :i* to adopt local l& use & control measures consi/5t ) ! ,adm9i/rator's det]m9ation4 4 7b7 ,publication ,subsection 7a7 ( section #acfc ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #dajd7;a77 is am5d$ by /rik+ 9 ! ,f$]al ,regi/]4 7c7 ,inapplicability to private & community flood maps ,section #acfc ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #dajd71 z am5d$ by ! prec$+ provisions ( ?is section1 is fur!r am5d$ by add+ at ! end ! foll[+ new subsection3 7i7 ,inapplicability to community flood maps ,?is section %all n apply ) respect to any flood map t is 9 effect pursuant to c]tification "u ! /&>ds1 guidel9es1 & proc$ures e/abli%$ pursuant to section #ajjbae7m77#a7 ( ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab 7#db ,u4,s4,c4 #daja;a7m77#a771 :i* %all include proc$ures = provid+ notification & appeal rights to individuals )9 ! communities ( ! propos$ flood elevation det]m9ations4 4 #cjd4 ,communication & outrea* reg>d+ map *anges ,p>agraph 7#a7 ( section #ajjbaf7;d7 ( ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab 7#db ,u4,s4,c4 #daja;b7d77#a77 is am5d$-- 7#a7 9 subp>agraph 7,b71 by ins]t+ maximum be=e #cj-;day p]iod2 & 7#b7 9 subp>agraph 7,c71 by ins]t+ maximum be=e #cj-;day p]iod4 #cje4 ,%>+ & use ( maps & data ,subsection 7b7 ( section #ajjbaf ( ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab 7#db ,u4,s4,c4 #daja;b7b77 is am5d$-- 7#a7 9 p>agraph 7#a7-- 7,a7 9 subp>agraph 7,b71 by /rik+ & at ! end2 7,b7 9 subp>agraph 7,c71 by /rik+ ! p]iod at ! end & ins]t+ 2 & 2 & 7,c7 by add+ at ! end ! foll[+ new subp>agraph3 7,d7 consult & coord9ate ) ! ,dep>tm5t ( ,def5se1 ! ,unit$ ,/ates ,geological ,survey1 & ! ,national ,oceanic & ,atmosph]ic ,adm9i/ration = ! purpose ( obta9+ ! mo/-up-to-date maps & o!r in=mation ( su* ag5cies1 includ+ in=mation on topography1 wat] fl[1 & any o!r issues1 relevant to mapp+ = flood insurance purposes4 2 & 7#b7 9 p>agraph 7#c7-- 7,a7 9 subp>agraph 7,d71 by /rik+ & at ! end2 7,b7 by r$esignat+ subp>agraph 7,e7 z subp>agraph 7,f72 & 7,c7 by ins]t+ aft] subp>agraph 7,d7 ! foll[+ new subp>agraph3 7,e7 any o!r in=mation relevant to mapp+ = flood insurance purposes obta9$ pursuant to p>agraph 7#a77;,d72 & 4 #cjf4 ,community flood maps 7a7 ,te*nical ,mapp+ ,advisory ,c\ncil ,section #ajjbae ( ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab 7#db ,u4,s4,c4 #daja;a7 is am5d$-- 7#a7 9 subsection 7c7-- 7,a7 9 p>agraph 7#e77;,b71 by /rik+ & at ! end2 7,b7 by r$esignat+ p>agraph 7#f7 z p>agraph 7#i72 & 7,c7 by ins]t+ aft] p>agraph 7#e7 ! foll[+ new p>agraphs3 7#f7 recomm5d to ! ,adm9i/rator me?ods or actions to make ! flood mapp+ processes m effici5t2 7#g7 recomm5d to ! ,adm9i/rator me?ods or actions to m9imize any co/1 data1 & pap]work requirem5ts ( ! flood mapp+ processes2 7#h7 assi/ communities1 & 9 p>ticul> small] communities1 9 locat+ ! res\rces requir$ to p>ticipate 9 ! developm5t ( flood elevations & flood haz>d area designations2 & 2 & 7#b7 by add+ at ! end ! foll[+ new subsection3 7m7 ,community flood maps 7#a7 ,/&>ds & proc$ures ,9 addition to ! o!r duties ( ! ,c\ncil "u ?is section1 n lat] ?an ! expiration ( ! #ab-mon? p]iod beg9n+ on ! date ( ! enactm5t ( ?is subsection1 ! ,c\ncil %all recomm5d to ! ,adm9i/rator /&>ds & requirem5ts = *ief executive (fic]s1 or entities designat$ by *ief executive (fic]s1 ( ,/ates & communities p>ticipat+ 9 ! ,national ,flood ,insurance ,program to use 9 mapp+ flood haz>ds locat$ 9 ,/ates & communities t *oose to develop alt]native maps to ! flood insurance rate maps develop$ by ! ,ag5cy4 ,! recomm5d$ /&>ds & requirem5ts %all include proc$ures = provid+ notification & appeal rights to individuals )9 ! communities ( ! propos$ flood elevation det]m9ations4 7#b7 ,exemption f rulemak+ ,until su* "t z ! ,adm9i/rator promulgates regulations implem5t+ p>agraph 7#a7 ( ?is subsection1 ! ,adm9i/rator may1 not)/&+ any o!r provision ( law1 adopt policies & proc$ures necess>y to implem5t su* p>agraphs )\t und]go+ notice & comm5t rulemak+ & )\t conduct+ regulatory analyses o!rwise requir$ by /atute1 regulation1 or executive ord]4 4 7b7 ,,fema id5tification ( flood-prone areas ,subsection 7a7 ( section #acfj ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #daja7;a77 is am5d$-- 7#a7 9 p>agraph 7#b71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 7#b7 by r$esignat+ p>agraphs 7#a7 & 7#b7 z subp>agraphs 7,a71 & 7,b71 respectively1 & realign+ su* subp>agraphs s z to be ind5t$ #d ems f ! left m>g92 7#c7 by /rik+ is au?oriz$ to consult & ins]t+ ! foll[+3 is au?oriz$-- 7#a7 to consult 2 7#d7 by add+ at ! end ! foll[+ new p>agraph3 7#b7 to receive propos$ alt]native maps f communities develop$ pursuant to /&>ds & requirem5ts recomm5d$ by ! ,te*nical ,mapp+ ,advisory ,c\ncil1 z requir$ by section #ajjbae7m7 ( ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab 7#db ,u4,s4,c4 #daja;a7m77 & adopt$ by ! ,adm9i/rator z requir$ by section #ajjbaf7;c77#c7 ( su* ,act 7#db ,u4,s4,c4 #daja;b7c77#c771 s t ! ,adm9i/rator may-- 7,a7 publi% in=mation ) respect to all flood pla9 areas1 includ+ coa/al areas locat$ 9 ! ,unit$ ,/ates1 :i* h special flood haz>ds1 & 7,b7 e/abli% or update flood-risk zone data 9 all su* areas1 & make e/imates ) respect to ! rates ( probable flood caus$ loss = ! v>i\s flood risk zones = ea* ( ^! areas until ! date specifi$ 9 section #acai4 4 7c7 ,national ,flood ,mapp+ ,program ,section #ajjbaf ( ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab 7#db ,u4,s4,c4 #daja;b7 is am5d$-- 7#a7 9 subsection 7a71 by ins]t+ prep>$ by ! ,adm9i/rator1 or by a community pursuant to section #acfj7;a77#b7 ( ! ,national ,flood ,insurance ,act ( #aifh1 aft] ,program rate maps2 & 7#b7 9 subsection 7c7-- 7,a7 9 p>agraph 7#a77;,b71 by /rik+ & at ! end2 7,b7 9 p>agraph 7#b77;,c71 by /rik+ ! p]iod at ! end & ins]t+ a semicolon2 & 7,c7 by add+ at ! end ! foll[+ new p>agraphs3 7#c7 e/abli% & adopt /&>ds & requirem5ts = developm5t by ,/ates & communities ( alt]native flood insurance rate maps to be submitt$ to ! ,adm9i/rator pursuant to section #acfj7;a77#b7 ( ! ,national ,flood ,insurance ,act ( #aifh1 tak+ into consid]ation ! recomm5dations ( ! ,te*nical ,mapp+ ,advisory ,c\ncil made pursuant to section #ajjbae7m7 ( ?is ,act 7#db ,u4,s4,c4 #daja;a7m772 & 7#d7 9 ! case ( propos$ alt]native maps receiv$ by ! ,adm9i/rator pursuant to su* section #acfj7;a77#b71 n lat] ?an ! expiration ( ! #f-mon? p]iod beg9n+ ^u receipt ( su* propos$ alt]native maps-- 7,a7 det]m9e :e!r su* maps 7 develop$ 9 accordance ) ! /&>ds & requirem5ts adopt$ pursuant to p>agraph 7#c7 ( ?is subsection2 & 7,b7 approve or disapprove su* propos$ maps = use "u ,national ,flood ,insurance ,program4 4 ,,iv ,protect+ consum]s & individuals ?r\gh improv$ mitigation #dja4 ,provision ( ,community ,rat+ ,sy/em premium cr$its to maximum numb] ( communities practicable ,subsection 7b7 ( section #acae ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djbb7;b77 is am5d$-- 7#a7 9 p>agraph 7#b71 by /rik+ may & ins]t+ %all2 & 7#b7 9 p>agraph 7#c71 by ins]t+ 1 & ! ,adm9i/rator %all provide cr$its to ! maximum numb] ( communities practicable aft] "u ?is program4 #djb4 ,community acc\ntability = repetitively flood$ areas 7a7 ,9 g5]al ,section #acfa ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #dajb7 is am5d$ by add+ at ! end ! foll[+ new subsection3 7e7 ,community acc\ntability = repetitively damag$ areas 7#a7 ,9 g5]al ,! ,adm9i/rator %all1 by regulation1 require any cov]$ community 7z su* t]m is def9$ 9 p>agraph 7#e77-- 7,a7 to id5tify ! areas )9 ! community :]e prop]ties describ$ 9 p>agraph 7#e77;,b7 or flood-damag$ facilities are locat$ to det]m9e areas repeat$ly damag$ by floods & to assess1 ) assi/ance f ! ,adm9i/rator1 ! cont9u+ risks to su* areas2 7,b7 to develop a community-specific plan = mitigat+ cont9u+ flood risks to su* repetitively flood$ areas & to submit su* plan & plan updates to ! ,adm9i/rator at appropriate int]vals2 7,c7 to implem5t su* plans2 7,d7 to make su* plan1 plan updates1 & reports on progress 9 r$uc+ flood risk available to ! public1 subject to section #eeb;a ( title #e1 ,unit$ ,/ates ,code4 7#b7 ,incorporation into exi/+ plans ,plans develop$ pursuant to p>agraph 7#a7 may be incorporat$ into mitigation plans develop$ "u section #acff ( ?is ,act 7#db ,u4,s4,c4 #dajd;c7 & haz>d mitigation plans develop$ "u section #cbb ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eafe74 7#c7 ,assi/ance to communities 7,a7 ,data ,to assi/ communities 9 prep>ation ( plans requir$ "u p>agraph 7#a71 ! ,adm9i/rator %all1 ^u reque/1 provide cov]$ communities ) appropriate data reg>d+ ! prop]ty addresses & dates ( claims associat$ ) insur$ prop]ties )9 ! community4 7,b7 ,mitigation grants ,9 mak+ det]m9ations reg>d+ f9ancial assi/ance "u ! au?orities ( ?is ,act1 ! ,adm9i/rator may consid] ! ext5t to :i* a community has compli$ ) ?is subsection & is work+ to rem$y problems ) address+ repeat$ly flood$ areas4 7#d7 ,sanctions 7,a7 ,9 g5]al ,! ,adm9i/rator %all1 by regulations issu$ 9 accordance ) ! proc$ures e/abli%$ "u section #eec ( title #e1 ,unit$ ,/ates ,code1 reg>d+ sub/antive rules1 provide appropriate sanctions = cov]$ communities t fail to comply ) ! requirem5ts "u ?is subsection or to make suffici5t progress 9 r$uc+ ! flood risks to areas 9 ! community t are repeat$ly damag$ by floods4 7,b7 ,notice ,be=e impos+ any sanction pursuant to ?is p>agraph1 ! ,adm9i/rator %all provide ! cov]$ community involv$ ) notice ( ! non-compliance t c\ld result 9 ! imposition ( sanctions1 :i* %all include recomm5dations = actions to br+ ! cov]$ community into compliance4 7,c7 ,consid]ations ,9 det]m9+ appropriate sanctions to impose "u ?is p>agraph1 ! ,adm9i/rator %all consid] ! res\rces available to ! cov]$ community involv$1 includ+ ,f$]al fund+1 ! portion ( ! cov]$ community t lies )9 an area hav+ special flood haz>ds1 & o!r factors t make x difficult = ! cov]$ community to conduct mitigation activities = exi/+ flood-prone /ructures4 7#e7 ,cov]$ community ,= purposes ( ?is subsection1 ! t]m cov]$ community means a community-- 7,a7 t is p>ticipat+1 pursuant to section #acae1 9 ! national flood insurance program2 & 7,b7 )9 :i* are locat$-- 7i7 #ej or m repetitive loss /ructures = ea* ( :i*1 dur+ any #aj-ye> p]iod1 two or m claims = paym5ts "u flood insurance cov]age h be5 made ) a cumulative am\nt exce$+ #a1jjj2 7ii7 #e or m sev]e repetitive loss /ructures 7z su* t]m is def9$ 9 section #acff7;h77 = :i* mitigation activities meet+ ! /&>ds = approval "u section #acff7;c77#b77;,a7 h n be5 conduct$2 or 7iii7 a public facility or a private nonpr(it facility 7z su* t]ms are z def9$ 9 section #ajb ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eabb771 t has receiv$ assi/ance = repair1 re/oration1 recon/ruction1 or replacem5t "u section #djf ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eagb7 9 connection ) m ?an "o flood+ ev5t 9 ! mo/ rec5t #aj-ye> p]iod4 7#f7 ,repetitive-loss /ructure ,= purposes ( ?is subsection1 ! t]m repetitive loss /ructure has ! mean+ giv5 su* t]m 9 section #acgj 7#db ,u4,s4,c4 #daba74 7#g7 ,reports to congress ,n lat] ?an ! expiration ( ! #f-ye> p]iod beg9n+ ^u ! date ( ! enactm5t ( ?is subsection1 & n less ?an e #b ye>s !reaft]1 ! ,adm9i/rator %all submit a report to ! ,congress reg>d+ ! progress 9 implem5t+ plans develop$ pursuant to p>agraph 7#a77;,b74 4 7b7 ,regulations ,! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy %all issue regulations necess>y to c>ry out subsection 7e7 ( section #acfa ( ! ,national ,flood ,insurance ,act ( #aifh1 z add$ by ! am5dm5t made by subsection 7a7 ( ?is section1 n lat] ?an ! expiration ( ! #ab-mon? p]iod t beg9s on ! date ( ! enactm5t ( ?is ,act4 #djc4 ,increas$ co/ ( compliance cov]age 7a7 ,cov]age ( prop]ties at high risk ( future flood damage ,subsection 7b7 ( section #acjd ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djaa7;b77 is am5d$-- 7#a7 9 p>agraph 7#d71 by r$esignat+ subp>agraphs 7,a7 ?r\gh 7,d7 z clauses 7i7 ?r\gh 7iv71 respectively1 & realign+ su* clauses1 z s r$esignat$1 s z to be ind5t$ #f ems f ! left m>g92 7#b7 by r$esignat+ p>agraphs 7#a7 ?r\gh 7#d7 z subp>agraphs 7,a7 ?r\gh 7,d71 respectively1 & realign+ su* subp>agraphs1 z s r$esignat$1 s z to be ind5t$ #d ems f ! left m>g92 7#c7 by /rik+ ! subsection designation & all t foll[s ?r\gh ,! national & ins]t+ ! foll[+3 7b7 ,additional cov]age = compliance ) l& use & control measures 7#a7 ,au?ority2 eligible prop]ties ,! national 2 7#d7 9 subp>agraph 7,c7 7z s r$esignat$ by p>agraph 7#b7 ( ?is subsection71 by /rik+ ,fund & all t foll[s & ins]t+ ,fund to require ! implem5tation ( su* measures22 7#e7 9 subp>agraph 7,d77iv7 7z s r$esignat$ by p>agraphs 7#a7 & 7#b7 ( ?is subsection71 by /rik+ ! p]iod at ! end & ins]t+ a semicolon2 & 7#f7 by add+ at ! end ! foll[+ new subp>agraphs3 7,e7 prop]ties t h be5 id5tifi$ by ! ,adm9i/rator1 or by a community 9 accordance ) su* requirem5ts z ! ,adm9i/rator %all e/abli%1 z at a high risk ( future flood damage2 & 7,f7 prop]ties t are locat$ )9 an area id5tifi$ pursuant to section #acfa7;e77#a77;,a7 7#db ,u4,s4,c4 #dajb7;e77#a77;,a77 by a cov]$ community 7z su* t]m is def9$ 9 p>agraph 7#c7 ( su* section #acfa7;e774 4 7b7 ,cov]age am\nt ,section #acjd7;b7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djaa7;b77 is am5d$-- 7#a7 9 p>agraph 7#a7 7z s designat$ by subsection 7a77#c7 ( ?is section71 by /rik+ ! la/ s5t5ce 7relat+ to a sur*>ge72 & 7#b7 by add+ at ! end ! foll[+ new p>agraph3 7#b7 ,cov]age am\nt 7,a7 ,prim>y cov]age ,ea* policy = flood insurance cov]age made available "u ?is title %all provide cov]age "u ?is subsection hav+ an aggregate liability = any s+le prop]ty ( #cj1jjj4 7,b7 ,enhanc$ cov]age ,! ,adm9i/rator %all make additional cov]age available "u ?is subsection1 9 excess ( ! limit specifi$ 9 subp>agraph 7,a71 hav+ an aggregate liability = any s+le prop]ty ( up to #fj1jjj4 4 7c7 ,am\nt ( sur*>ge ,subsection 7b7 ( section #acjd ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djaa7;b771 z am5d$ by ! prec$+ provisions ( ?is section1 is fur!r am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#c7 ,sur*>ge = cov]age 7,a7 ,prim>y cov]age ,! ,adm9i/rator %all impose a sur*>ge on ea* insur$ ( su* am\nt p] policy z ! ,adm9i/rator det]m9es is appropriate to provide co/ ( compliance cov]age 9 accordance ) p>agraph 7#b77;,a74 7,b7 ,enhanc$ cov]age ,= ea* flood policy = flood insurance cov]age "u ?is title "u :i* additional co/ ( compliance cov]age is provid$ pursuant to p>agraph 7#b77;,b71 ! ,adm9i/rator %all impose a sur*>ge1 9 addition to ! sur*>ge "u subp>agraph 7,a7 ( ?is p>agraph1 9 su* am\nt z ! ,adm9i/rator det]m9es is appropriate = ! am\nt ( su* cov]age provid$4 4 7d7 ,use ( c]ta9 mat]ials ,subsection 7b7 ( section #acjd ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djaa7;b771 z am5d$ by ! prec$+ provisions ( ?is section1 is fur!r am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#d7 ,use ( c]ta9 mat]ials ,! ,adm9i/rator %all require t any measures implem5t$ us+ am\nts made available f cov]age provid$ pursuant to ?is subsection be c>ri$ out us+ mat]ials1 id5tifi$ by ! ,adm9i/rator1 t m9imize ! impact ( flood+ on ! usability ( ! cov]$ prop]ty & r$uce ! duration t flood+ r5d]s ! prop]ty unusable or un9habitable4 4 7e7 ,cont9u$ flood insurance requirem5t ,subsection 7b7 ( section #acjd ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djaa7;b771 z am5d$ by ! prec$+ provisions ( ?is section1 is fur!r am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#e7 ,cont9u$ flood insurance requirem5t ,! ,adm9i/rator may require1 z a condition ( provid+ co/ ( compliance cov]age "u ?is subsection = a prop]ty1 t ! own] ( ! prop]ty ent] into su* b9d+ agreem5ts z ! ,adm9i/rator consid]s necess>y to ensure t ! own] ( ! prop]ty 7& any subsequ5t own]s7 w ma9ta9 flood insurance cov]age "u ?is title = ! prop]ty 9 su* am\nt1 & at all times dur+ a p]iod hav+ su* duration1 z ! ,adm9i/rator consid]s appropriate to c>ry out ! purposes ( ?is subsection4 4 ,v ,program integrity #eja4 ,indep5d5t actu>ial review ,section #acji ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djaf7 is am5d$ by add+ at ! end ! foll[+ new subsection3 7e7 ,indep5d5t actu>ial review 7#a7 ,fiduci>y responsibility ,! ,adm9i/rator has a responsibility to ensure t ! ,national ,flood ,insurance ,program rema9s f9ancially s\nd4 ,pursuant to ?is responsibility1 ! ,adm9i/rator %all f "t to "t review & elim9ate noness5tial co/s & positions )9 ! ,program1 unless o!rwise au?oriz$ or requir$ by law1 z ! ,adm9i/rator det]m9es to be necess>y4 7#b7 ,annual indep5d5t actu>ial /udy ,! ,adm9i/rator %all provide = an indep5d5t actu>ial /udy ( ! ,national ,flood ,insurance ,program to be conduct$ annually1 :i* %all analyze ! f9ancial position ( ! program bas$ on ! long-t]m e/imat$ losses ( ! program4 ,! ,adm9i/rator %all submit a report 7toge!r ) ! indep5d5t actu>ial /udy7 annually to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate describ+ ! results ( su* /udy1 includ+ a det]m9ation ( :e!r ! ,program has collect$ rev5ue suffici5t to cov] ! adm9i/rative exp5ses ( c>ry+ out ! flood insurance program1 :i* are reflect$ 9 ! risk premium rates1 co/ ( capital1 all o!r co/s associat$ ) ! transf] ( risks1 & expect$ claims paym5ts dur+ ! report+ p]iod1 & an ov]all assessm5t ( ! f9ancial /atus ( ! ,program4 7#c7 ,det]m9ation ( actu>ial budget deficit 7,a7 ,requirem5t ,)9 ! report submitt$ "u p>agraph 7#b71 ! ,adm9i/rator %all issue a det]m9ation ( :e!r !re exi/s an actu>ial budget deficit = ! ,program = ! ye> cov]$ 9 ! report4 ,! report %all recomm5d any *anges to ! ,program1 if necess>y1 to ensure t ! program rema9s f9ancially s\nd4 7,b7 ,basis ( det]m9ation ,! det]m9ation requir$ by subp>agraph 7,a7 %all be bas$ solely ^u :e!r ! portion ( premiums e/imat$ & collect$ by ! ,program dur+ ! report+ p]iod is suffici5t to cov] ! adm9i/rative exp5ses ( c>ry+ out ! flood insurance program1 :i* are reflect$ 9 ! risk premium rates1 co/ ( capital1 all o!r co/s associat$ ) ! transf] ( risk1 & expect$ claims paym5ts = ! report+ p]iod4 7#d7 ,qu>t]ly reports ,dur+ ea* fiscal ye>1 on a cal5d> qu>t]ly basis1 ! ,secret>y %all cause to be publi%$ 9 ! ,f$]al ,regi/] or comp>able me?od1 ) notice to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate1 in=mation :i* %all specify-- 7,a7 ! cumulative volume ( policies t h be5 und]writt5 "u ! ,national ,flood ,insurance ,program dur+ su* fiscal ye> ?r\gh ! end ( ! qu>t] = :i* ! report is submitt$2 7,b7 ! types ( policies insur$1 categoriz$ by risk2 7,c7 any significant *anges betwe5 actual & project$ claim activity2 7,d7 project$ v]sus actual loss rates2 7,e7 ! cumulative numb] ( curr5tly insur$ repetitive-loss prop]ties1 sev]e repetitive-loss prop]ties1 & extreme repetitive-loss prop]ties t h be5 id5tifi$ dur+ su* fiscal ye> ?r\gh ! end ( ! qu>t] = :i* ! report is submitt$2 7,f7 ! cumulative numb] ( prop]ties t h und]gone mitigation assi/ance1 ?r\gh ! ,national ,flood ,insurance ,program1 dur+ su* fiscal ye> ?r\gh ! end ( ! qu>t] = :i* ! report is submitt$2 & 7,g7 ! numb] & location1 by ,/ate or t]ritory1 ( ea* policyhold] t has be5 id5tifi$ = su* fiscal ye> z an eligible h\sehold = purposes ( ! flood insurance af=dability program "u section #acbf4 ,! fir/ qu>t]ly report "u ?is p>agraph %all be submitt$ on ! la/ day ( ! fir/ qu>t] ( fiscal ye> #bjah1 or on ! la/ day ( ! fir/ full cal5d> qu>t] foll[+ ! enactm5t ( ! #ba/ ,c5tury ,flood ,re=m ,act1 :i*ev] occurs lat]4 4 #ejb4 ,adju/m5ts to home[n] flood insurance af=dability sur*>ge 7a7 ,9 g5]al ,section #acjh;,a ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae;a7 is am5d$-- 7#a7 9 subsection 7a71 by /rik+ ! fir/ s5t5ce & ins]t+ ! foll[+3 ,! ,adm9i/rator %all impose & collect a non-refundable annual sur*>ge1 9 ! am\nt provid$ 9 subsection 7b71 on all policies = flood insurance cov]age "u ! ,national ,flood ,insurance ,program t are newly issu$ or r5ew$ aft] ! date ( ! enactm5t ( ?is section42 & 7#b7 by /rik+ subsection 7b7 & ins]t+ ! foll[+ new subsection3 7b7 ,am\nt ,! am\nt ( ! sur*>ge "u subsection 7a7 %all be #dj1 except z foll[s3 7#a7 ,non-prim>y resid5ces eligible = ,,prp ,! am\nt ( ! sur*>ge "u subsection 7a7 %all be #abe 9 ! case ( 9 ! case ( a policy = any prop]ty t is-- 7,a7 a resid5tial prop]ty t is n ! prim>y resid5ce ( an individual1 & 7,b7 eligible = pref]r$ risk rate me?od premiums4 7#b7 ,non-resid5tial prop]ties & non-prim>y resid5ces n eligible = ,,prp ,! am\nt ( ! sur*>ge "u subsection 7a7 %all be #bge 9 case ( 9 ! case ( a policy = any prop]ty t is-- 7,a7 a non-resid5tial prop]ty2 or 7,b7 a resid5tial prop]ty t is-- 7i7 n ! prim>y resid5ce ( an individual2 & 7ii7 n eligible = pref]r$ risk rate me?od premiums4 4 7b7 ,applicability ,! am5dm5t made by subsection 7a7 %all apply ) respect to policies = flood insurance cov]age "u ! ,national ,flood ,insurance ,act ( #aifh t are newly issu$ or r5ew$ aft] ! expiration ( ! #ab-mon? p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act4 #ejc4 ,national ,flood ,insurance ,res]ve ,fund compliance ,section #acaj;,a ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djag;,a7 is am5d$-- 7#a7 9 subsection 7c77#b77;,d71 by ins]t+ be=e ! p]iod at ! end ! foll[+3 1 includ+ any provisions relat+ to *>geable premium rates or annual increases ( su* rates2 7#b7 9 subsection 7c77#c71 by /rik+ subp>agraph 7,a7 & ins]t+ ! foll[+ new subp>agraph3 7,a7 ,p>ity ,9 ex]cis+ ! au?ority grant$ "u p>agraph 7#a7 to increase premiums1 ! ,adm9i/rator %all in/itute a s+le annual1 uni=m rate ( assessm5t = all individual policyhold]s4 2 & 7#c7 9 subsection 7d7-- 7,a7 by /rik+ p>agraph 7#a7 & ins]t+ ! foll[+ new p>agraph3 7#a7 ,9 g5]al ,beg9n+ 9 fiscal ye> #bjah & n end+ until ! fiscal ye> 9 :i* ! ratio requir$ "u subsection 7b7 is a*iev$-- 7,a7 9 ea* fiscal ye> ! ,adm9i/rator %all place 9 ! ,res]ve ,fund an am\nt equal to n less ?an #g4e p]c5t ( ! res]ve ratio requir$ "u subsection 7b72 & 7,b7 if 9 any giv5 fiscal ye> ! ,adm9i/rator fails to comply ) subp>agraph 7,a71 = ! foll[+ fiscal ye> ! ,adm9i/rator %all increase ! rate ( ! annual assessm5t pursuant to subsection 7c77#c77;,a7 by at lea/ "o p]c5tage po9t ov] ! rate ( ! annual assessm5t pursuant to subsection 7c77#c77;,a7 9 effect on ! fir/ day ( su* giv5 fiscal ye>4 2 7,b7 9 p>agraph 7#b71 by ins]t+ be=e ! p]iod at ! end ! foll[+3 nor to increase assessm5ts pursuant to p>agraph 7#a77;,b72 & 7,c7 9 p>agraph 7#c71 by ins]t+ be=e ! p]iod at ! end ! foll[+3 & p>agraph 7#a77;,b7 %all apply until ! fiscal ye> 9 :i* ! ratio requir$ "u subsection 7b7 is a*iev$4 #ejd4 ,designation & treatm5t ( multiple-loss prop]ties 7a7 ,def9ition ,section #acgj ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #daba71 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$-- 7#a7 9 subsection 7a7-- 7,a7 by /rik+ p>agraph 7#g72 & 7,b7 by r$esignat+ p>agraphs 7#h7 ?r\gh 7#ah7 z p>agraphs 7#g7 ?r\gh 7#ag71 respectively2 & 7#b7 by add+ at ! end ! foll[+ new subsection3 7d7 ,multiple-,loss prop]ties 7#a7 ,def9itions ,z us$ 9 ?is title3 7,a7 ,multiple-loss prop]ty ,! t]m multiple-loss prop]ty means any prop]ty t is a repetitive-loss prop]ty1 a sev]e repetitive-loss prop]ty1 or an extreme repetitive-loss prop]ty4 7,b7 ,qualifi$ claims paym5t ,! t]m qualifi$ claims paym5t means a claims paym5t ( any am\nt made "u flood insurance cov]age "u ?is title 9 connection ) loss result+ f a flood ev5t t occurr$ aft] ! date ( ! enactm5t ( ! #ba/ ,c5tury ,flood ,re=m ,act1 b n includ+ any claim t occurr$ be=e a /ructure 0 made compliant ) ,/ate & local floodpla9 managem5t requirem5ts4 7,c7 ,repetitive-loss prop]ty ,! t]m repetitive-loss prop]ty means a /ructure t has incurr$ flood damage = :i* two or m sep>ate claims paym5ts ( any am\nt h be5 made "u flood insurance cov]age "u ?is title4 7,d7 ,sev]e repetitive-loss prop]ty ,! t]m sev]e repetitive-loss prop]ty means a /ructure t has incurr$ flood damage = :i*-- 7i7 #d or m sep>ate claims paym5ts h be5 made "u flood insurance cov]age "u ?is title1 ) ! am\nt ( ea* su* claim exce$+ #e1jjj1 & ) ! cumulative am\nt ( su* claims paym5ts exce$+ #bj1jjj2 or 7ii7 at lea/ #b sep>ate claims paym5ts h be5 made "u flood insurance cov]age "u ?is title1 ) ! cumulative am\nt ( su* claims paym5ts exce$+ ! value ( ! /ructure4 7,e7 ,extreme repetitive-loss prop]ty ,! t]m extreme repetitive-loss prop]ty means a /ructure t has incurr$ flood damage = :i* at lea/ #b sep>ate claims h be5 made "u flood insurance cov]age "u ?is title1 ) ! cumulative am\nt ( su* claims paym5ts exce$+ #aej p]c5t ( ! maximum cov]age am\nt available = ! /ructure4 7#b7 ,treatm5t ( claims be=e compliance ) ,/ate & local requirem5ts ,! ,adm9i/rator %all n consid] claims t occurr$ be=e a /ructure 0 made compliant ) ,/ate & local floodpla9 managem5t requirem5ts = purposes ( det]m9+ a /ructure's /atus z a multiple-loss prop]ty4 4 7b7 ,premium adju/m5t to reflect curr5t flood risk 7#a7 ,9 g5]al ,section #acjh ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae71 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$ by add+ at ! end ! foll[+ new subsection3 7p7 ,premium adju/m5t to reflect curr5t flood risk 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#b71 ! ,adm9i/rator %all rate a prop]ty = :i* two or m qualifi$ claims paym5ts h be5 made & t is *>g$ a risk premium rate e/imat$ "u section #acjg7;a77#a7 7#db ,u4,s4,c4 #djad7;a77#a77 bas$ on ! curr5t risk ( flood reflect$ 9 ! flood insurance rate map 9 effect at ! "t ( rat+4 7#b7 ,adju/m5t = exi/+ policies ,not)/&+ subsection 7e7 ( ?is section1 = policies = flood insurance "u ?is title 9 =ce on ! date ( ! enactm5t ( ?is ,act = prop]ties describ$ 9 p>agraph 7#a7-- 7,a7 = any prop]ty = :i* two qualifi$ claims paym5ts h be5 made1 ! ,adm9i/rator %all increase risk premium rates by #aj p]c5t ea* ye> until su* rates comply ) p>agraph 7#a7 ( ?is subsection2 & 7,b7 = any prop]ty = :i* ?ree or m qualifi$ claims paym5ts h be5 made1 ! ,adm9i/rator %all increase risk premium rates by #ae p]c5t ea* ye> until su* rates comply ) p>agraph 7#a7 ( ?is subsection4 4 7#b7 ,con=m+ am5dm5t ,section #acjg7;g77#b7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djad7;g77#b77 is am5d$ by /rik+ subp>agraph 7,b7 & ins]t+ ! foll[+ new subp>agraph3 7,b7 9 connection ) a multiple-loss prop]ty4 4 7c7 ,pre-,,firm multiple-loss prop]ty 7#a7 ,t]m9ation ( subsidy ,section #acjg ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djad7 is am5d$-- 7,a7 9 subsection 7a77#b7-- 7i7 by /rik+ subp>agraph 7,c7 & ins]t+ ! foll[+ new subp>agraph3 7,c7 any extreme repetitive-loss prop]ty2 2 7ii7 9 subp>agraph 7,d71 by /rik+ or2 7iii7 9 subp>agraph 7,e7-- 7,i7 9 clause 7i71 by /rik+ fair2 & 7,,ii7 9 clause 7ii7-- 7aa7 by /rik+ fair2 & 7bb7 by /rik+ & & ins]t+ or2 & 7iv7 by add+ at ! end ! foll[+ new subp>agraph3 7,f7 any prop]ty = :i* two or m qualifi$ claims paym5ts h be5 made2 & 2 & 7,b7 by /rik+ subsection 7h74 7#b7 ,annual limitation on premium increases ,subsection 7e7 ( section #acjh ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7;e77 is am5d$-- 7,a7 9 p>agraph 7#c71 by /rik+ & at ! end2 7,b7 9 p>agraph 7#d7-- 7i7 by /rik+ ! *>geable risk & ins]t+ not)/&+ p>agraph 7#e71 ! *>geable risk2 & 7ii7 by /rik+ describ$ "u p>agraph 7#c74 & ins]t+ e/imat$ "u section #acjg7;a77#a72 &2 & 7,c7 by add+ at ! end ! foll[+ new p>agraph3 7#e7 ! *>geable risk premium rates = flood insurance "u ?is title = any prop]ties describ$ 9 subp>agraph 7,f7 ( section #acjg7;a77#b7 %all be increas$-- 7,a7 = any prop]ty = :i* two qualifi$ claims paym5ts h be5 made1 by #aj p]c5t ea* ye>1 until ! av]age risk premium rate = su* prop]ty is equal to ! av]age ( ! risk premium rates = prop]ties e/imat$ "u section #acjg7;a77#a72 & 7,b7 = any prop]ty = :i* ?ree or m qualifi$ claims paym5ts h be5 made1 by #ae p]c5t ea* ye>1 until ! av]age risk premium rate = su* prop]ty is equal to ! av]age ( ! risk premium rates = prop]ties e/imat$ "u section #acjg7;a77#a74 4 7d7 ,m9imum d$uctibles = c]ta9 multiple-loss prop]ties 7#a7 ,cl]ical am5dm5t ,! ,national ,flood ,insurance ,act ( #aifh1 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$-- 7,a7 by transf]r+ subsection 7b7 ( section #acab 7#db ,u4,s4,c4 #djai7;b77 to section #acjf 7#db ,u4,s4,c4 #djac71 ins]t+ su* subsection at ! end ( su* section1 & r$esignat+ su* subsection z subsection 7f72 & 7,b7 9 section #acab 7#db ,u4,s4,c4 #djai71 by r$esignat+ subsection 7c7 z subsection 7b74 7#b7 ,c]ta9 multiple-loss prop]ties ,subsection 7f7 ( section #acjf ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djac7;e771 z s transf]r$ & r$esignat$ by p>agraph 7#a7 ( ?is subsection1 is am5d$ add+ at ! end ! foll[+ new p>agraph3 7#c7 ,c]ta9 multiple-loss prop]ties ,not)/&+ p>agraph 7#a7 or 7#b71 ! m9imum annual d$uctible = damage to any sev]e repetitive-loss prop]ty or extreme repetitive-loss prop]ty %all be n less ?an #e1jjj4 4 7e7 ,claim hi/ory validation ,beg9n+ n lat] ?an ! expiration ( ! #ahj-;day p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act1 ! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy %all und]take ef=ts to validate ! reasonable accuracy ( claim hi/ory data ma9ta9$ pursuant to ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djja et seq474 7f7 ,increas$ co/ ( compliance cov]age ,subp>agraph 7,a7 ( section #acjd7;b77#a7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djaa7;b77#a77;,a771 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$ by /rik+ repetitive loss /ructures & ins]t+ multiple-loss prop]ties4 7g7 ,availability ( insurance = multiple-,loss prop]ties 7#a7 ,9 g5]al ,! ,national ,flood ,insurance ,act ( #aifh is am5d$ by ins]t+ aft] section #acjd 7#db ,u4,s4,c4 #djaa7 ! foll[+ new section3 #acjd;,a4 ,availability ( insurance = multiple-loss prop]ties 7a7 ,date & in=mation id5tify+ curr5t flood risk ,! ,adm9i/rator may provide flood insurance cov]age "u ?is title = a multiple-loss prop]ty only if ! own] ( ! prop]ty submits to ! ,adm9i/rator su* data & in=mation necess>y to det]m9e su* prop]ty's curr5t risk ( flood1 z det]m9$ by ! ,adm9i/rator1 at ! "t ( application = or r5ewal ( su* cov]age4 7b7 ,refusal ,to ,mitigate 7#a7 ,9 g5]al ,except z provid$ pursuant to p>agraph 7#b71 ! ,adm9i/rator may n make flood insurance cov]age available "u ?is title = any extreme repetitive-loss prop]ty = :i* a claim paym5t = flood loss 0 made "u cov]age made available "u ?is title t occurr$ aft] ! date ( enactm5t ( ! #ba/ ,c5tury ,flood ,re=m ,act if ! prop]ty own] refuses an (f] ( mitigation = ! prop]ty "u section #acff7;a77#b7 7#db ,u4,s4,c4 #dajd;c7a77#b774 7#b7 ,exceptions2 appeals ,! ,director %all develop guidance to provide appropriate exceptions to ! prohibition "u p>agraph 7#a7 & to all[ = appeals to su* prohibition4 4 7#b7 ,effective ,date ,section #acjd;,a ( ! ,national ,flood ,insurance ,act ( #aifh1 z add$ by p>agraph 7#a7 ( ?is subsection1 %all apply beg9n+ ^u ! expiration ( ! #ab-mon? p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act4 7h7 ,rates = prop]ties newly mapp$ into areas ) special flood haz>ds ,subsection 7i7 ( section #acjh ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7;i77 is am5d$-- 7#a7 by /rik+ ! subsection designation & all t foll[s ?r\gh ,not)/&+ & ins]t+ ! foll[+3 7i7 ,rates = prop]ties newly mapp$ into areas ) special flood haz>ds 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#b7 & not)/&+ 2 7#b7 by r$esignat+ p>agraphs 7#a7 & 7#b7 z subp>agraphs 7,a7 & 7,b71 respectively1 & mov+ ! left m>g9s ( su* subp>agraphs1 z s r$esignat$1 & ! matt] foll[+ subp>agraph 7,b71 #b ems to ! "r2 & 7#c7 by add+ at ! end ! foll[+ new p>agraph3 7#b7 ,inapplicability to multiple-loss prop]ties ,p>agraph 7#a7 %all n apply to multiple-loss prop]ties4 4 7i7 ,cle> communication ( multiple-loss prop]ty /atus 7#a7 ,9 g5]al ,subsection 7l7 ( section #acjh ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7l771 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#b7 ,multiple-loss prop]ties ,pursuant to p>agraph 7#a71 ! ,adm9i/rator %all cle>ly communicate to all policyhold]s = multiple-loss prop]ties be=e ! effectiv5ess ( any su* new or r5ew$ cov]age & aft] ea* qualifi$ claims paym5t = ! prop]ty-- 7,a7 ! availability ( flood mitigation assi/ance "u section #acff2 & 7,b7 ! effect on ! premium rates *>g$ = su* a prop]ty ( fil+ any fur!r claims "u a flood insurance policy ) respect to t prop]ty4 4 7j7 ,mitigation assi/ance program ,section #acff ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #dajd;c7 is am5d$-- 7#a7 9 subsection 7a7-- 7,a7 9 ! matt] prec$+ p>agraph 7#a71 by ins]t+ aft] ! p]iod at ! end ( ! fir/ s5t5ce ! foll[+3 ,priority "u ! program %all be giv5 to provid+ assi/ance ) respect to multiple-loss prop]ties42 7,b7 9 p>agraph 7#a71 by ins]t+ & aft] ! semicolon at ! end2 & 7,c7 by /rik+ p>agraphs 7#b7 & 7#c7 & ins]t+ ! foll[+3 7#b7 to prop]ty own]s1 9 coord9ation ) ! ,/ate & community1 9 ! =m ( direct grants "u ?is section = c>ry+ out mitigation activities t r$uce flood damage to extreme repetitive-loss prop]ties4 ,! ,adm9i/rator %all take su* actions z may be necess>y to ensure t grants "u ?is subsection are provid$ 9 a mann] t is consi/5t ) ! deliv]y ( cov]age = increas$ co/ ( compliance provid$ "u section #acjd7;b74 2 7#b7 9 subsection 7c77#b77;,a77ii71 by /rik+ sev]e repetitive loss /ructures & ins]t+ multiple-loss prop]ties2 7#c7 9 subsection 7d7-- 7,a7 9 p>agraph 7#a7-- 7i7 by /rik+ ,sev]e repetitive loss /ructures & ins]t+ ,extreme repetitive-loss prop]ties2 & 7ii7 by /rik+ sev]e repetitive loss /ructures & ins]t+ extreme repetitive-loss prop]ties2 7,b7 9 p>agraph 7#b7-- 7i7 by /rik+ ,repetitive loss /ructures & ins]t+ ,sev]e repetitive-loss prop]ties2 7ii7 by /rik+ repetitive loss /ructures & ins]t+ sev]e repetitive-loss prop]ties2 & 7iii7 by /rik+ #ij p]c5t & ins]t+ #ajj p]c5t2 7,c7 by r$esignat+ p>agraph 7#c7 z p>agraph 7#d72 & 7,d7 by ins]t+ aft] p>agraph 7#b7 ! foll[+ new p>agraph3 7#c7 ,repetitive-loss prop]ty ,9 ! case ( mitigation activities to repetitive-loss prop]ties1 9 an am\nt up to #ajj p]c5t ( all eligible co/s4 2 7#d7 9 subsection 7h7-- 7,a7 by /rik+ p>agraphs 7#b7 & 7#c72 7,b7 by /rik+ ! subsection designation & all t foll[s ?r\gh %all apply32 & 7,c7 9 p>agraph 7#a7-- 7i7 by /rik+ ,community & ins]t+ ,def9ition ( community2 7ii7 by /rik+ ,! & ins]t+ ,= purposes ( ?is section1 !2 7iii7 by r$esignat+ su* p>agraph z subsection 7j72 7iv7 9 subp>agraph 7,b71 by /rik+ subp>agraph 7,a7 & ins]t+ p>agraph 7#a72 7v7 by r$esignat+ subp>agraphs 7,a7 & 7,b7 z p>agraphs 7#a7 & 7#b71 respectively2 7vi7 9 p>agraph 7#a71 z s r$esignat$ by clause 7v7 ( ?is subp>agraph1 by r$esignat+ clauses 7i7 & 7ii7 z subp>agraphs 7,a7 & 7,b71 respectively 7& mov+ ! m>g9s two ems to ! left72 & 7vii7 by mov+ ! left m>g9s ( subsection 7j7 7z s r$esignat$7 & p>agraphs 7#a7 & 7#b71 all z s r$esignat$1 two ems to ! left2 & 7#e7 by ins]t+ aft] subsection 7g7 ! foll[+ new subsections3 7h7 ,alignm5t ) increas$ co/ ( compliance ,not)/&+ any provision ( law1 any funds appropriat$ = assi/ance "u ?is title may be transf]r$ to ! ,national ,flood ,insurance ,fund e/abli%$ "u section #acaj 7#db ,u4,s4,c4 #djag7 = ! paym5t ( claims to enable ! ,adm9i/rator to deliv] grants "u subsection 7a77#b7 ( ?is section to align ) ! deliv]y ( cov]age = increas$ co/ ( compliance = extreme repetitive-loss prop]ties4 7i7 ,fund+ 7#a7 ,au?orization ( appropriations ,not)/&+ any o!r provision ( law1 assi/ance provid$ "u ?is section %all be fund$ by-- 7,a7 #bbe1jjj1jjj 9 ea* fiscal ye>1 subject to (fsett+ collections1 ?r\gh risk premium rates = flood insurance cov]age "u ?is title1 & %all be available subject to section #acaj7;f72 7,b7 any p5alties collect$ "u section #ajb7;f7 ! ,flood ,disa/] ,protect ,act ( #aigc 7#db ,u4,s4,c4 #djab;a7f72 & 7,c7 any am\nts recaptur$ "u subsection 7e7 ( ?is section4 ,! ,adm9i/rator may n use m ?an #e p]c5t ( am\nts made available "u ?is subsection to cov] sal>ies1 exp5ses1 & o!r adm9i/rative co/s incurr$ by ! ,adm9i/rator to make grants & provide assi/ance "u ?is section4 7#b7 ,availability ,am\nts appropriat$ pursuant to ?is subsection = any fiscal ye> may rema9 available = obligation until exp5d$4 4 7k7 ,repeal ,section #acfg ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #dajd;d7 is repeal$4 #eje4 ,elim9ation ( cov]age = prop]ties ) excessive lifetime claims ,section #acje ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djab7 is am5d$ by add+ at ! end ! foll[+ new subsection3 7e7 ,prohibition ( cov]age = prop]ties ) excessive lifetime claims ,! ,adm9i/rator may n make available any new or r5ew$ cov]age = flood insurance "u ?is title = any multiple-loss prop]ty = :i* ! aggregate am\nt 9 claims paym5ts t h be5 made aft] ! expiration ( ! #ah-mon? p]iod beg9n+ on ! date ( ! enactm5t ( ?is subsection "u flood insurance cov]age "u ?is title exce$s ?ree times ! am\nt ( ! replacem5t value ( ! /ructure4 4 #ejf4 ,pay = p]=mance & /reaml9+ co/s & reimbursem5t ,section #acde ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djha71 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$ by add+ at ! end ! foll[+ subsection3 7g7 ,write ,y\r ,own all[ance & program sav+s 7#a7 ,all[ance rate 7,a7 ,limitation ,! all[ance paid to companies p>ticipat+ 9 ! ,write ,y\r ,own ,program 7z su* t]m is def9$ 9 section #acgj 7#db ,u4,s4,c4 #djjd77 ) respect to a policy = flood insurance cov]age made available "u ?is title %all n be great] ?an #bg4i p]c5t ( ! *>geable premium = su* cov]age4 7,b7 ,inapplicability ,subp>agraph 7,a7 %all n apply to actual & necess>y co/s relat$ to section #acab7;a7 7#db ,u4,s4,c4 #djai7;a771 or to paym5ts deem$ necess>y by ! ,adm9i/rator4 7,c7 ,implem5tation ,! limitation 9 subp>agraph 7,a7 %all be impos$ by equal r$uctions ov] ! #c-ye> p]iod beg9n+ on ! date ( ! enactm5t ( ?is subsection4 7#b7 ,program sav+s 7,a7 ,implem5tation ,! ,adm9i/rator1 )9 ?ree ye>s ( ! date ( ! enactm5t ( ?is ,act1 %all r$uce ! co/s & unnecess>y burd5s = ! companies p>ticipat+ 9 ! ,write ,y\r ,own program by at lea/ half ( ! am\nt by :i* ! limitation "u p>agraph 7#a77;,a7 r$uc$ co/s comp>$ to ! co/s z ( ! date ( ! enactm5t ( ?is subsection4 7,b7 ,consid]ation ( sav+s ,9 meet+ ! requirem5t ( subp>agraph 7,a71 ! ,adm9i/rator %all consid] sav+s includ+-- 7i7 indirect paym5ts by ! ,adm9i/rator ( premium2 7ii7 elim9at+ unnecess>y communications requirem5ts2 7iii7 r$uc+ ! frequ5cy ( ,national ,flood ,insurance ,program *anges2 7iv7 simplify+ ! flood rat+ sy/em2 & 7v7 o!r ways ( /reaml9+ ! ,program to r$uce co/s :ile ma9ta9+ cu/om] s]vice & di/ribution4 4 #ejg4 ,en=cem5t ( m&atory pur*ase requirem5ts 7a7 ,p5alties ,p>agraph 7#e7 ( section #ajb7;f7 ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djab;a7f77#e77 is am5d$ by /rik+ #b1jjj & ins]t+ #e1jjj4 7b7 ,insur$ depository in/itutions ,subp>agraph 7,a7 ( section #aj7;i77#b7 ( ! ,f$]al ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahbj7;i77#b77;,a77 is am5d$ by /rik+ date ( enactm5t ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid & bi5nially !reaft] = ! next #d ye>s & ins]t+ date ( enactm5t ( ! #ba/ ,c5tury ,flood ,re=m ,act & bi5nially !reaft]4 7c7 ,cr$it unions ,subp>agraph 7,a7 ( section #bjd7;e77#b7 ( ! ,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4 #aghd7;e77#b77;,a77 is am5d$ by /rik+ date ( enactm5t ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid & bi5nially !reaft] = ! next #d ye>s & ins]t+ date ( enactm5t ( ! #ba/ ,c5tury ,flood ,re=m ,act & annually !reaft]4 7d7 ,gov]nm5t-,sponsor$ ent]prises ,p>agraph 7#d7 ( section #acai;,b7a7 ( ! ,f$]al ,h\s+ ,ent]prises ,f9ancial ,safety & ,s\ndness ,act ( #aiib 7#ab ,u4,s4,c4 #deba7;a77#d77 is am5d$1 9 ! matt] aft] & bel[ subp>agraph 7,b71 by /rik+ fir/1 ?ird1 & fif? annual reports "u ?is subsection requir$ to be submitt$ aft] ! expiration ( ! #a-ye> p]iod beg9n+ on ! date ( enactm5t ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid & ins]t+ fir/ annual report "u ?is subsection requir$ to be submitt$ aft] ! expiration ( ! #a-ye> p]iod beg9n+ on ! date ( enactm5t ( ! #ba/ ,c5tury ,flood ,re=m ,act & e su* second annual report !reaft]4 7e7 ,guidel9es ,! ,f$]al entities = l5d+ regulation 7z su* t]m is def9$ 9 section #c7;a7 ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djjc7;a7771 9 consultation ) ! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy1 %all jo9tly update & reissue ! resc9d$ docum5t ( ! ,adm9i/rator entitl$ ,m&atory ,pur*ase ( ,flood ,insurance ,guidel9es 7la/$ updat$ on ,octob] #bi1 #bjad74 ,! updat$ docum5t %all incorporate recomm5dations made by ! ,comptroll] ,g5]al pursuant to ! /udy conduct$ "u section #ead ( ?is ,act4 #ejh4 ,satisfaction ( m&atory pur*ase requirem5t 9 ,/ates all[+ all-p]ils policies ,section #ajb ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djab;a71 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$-- 7#a7 9 subsection 7a71 by /rik+ ,aft] & ins]t+ ,subject to subsection 7i7 ( ?is section1 aft]2 7#b7 9 subsection 7b7-- 7,a7 9 p>agraph 7#a71 by /rik+ ,ea* & ins]t+ ,subject to subsection 7i7 ( ?is section1 ea*2 7,b7 9 p>agraph 7#b7-- 7i7 9 subp>agraph 7,a71 by /rik+ ,a ! fir/ place su* t]m appe>s & ins]t+ ,subject to subsection 7i7 ( ?is section1 a2 7ii7 9 subp>agraph 7,b71 by /rik+ ,ea* & ins]t+ ,subject to subsection 7i7 ( ?is section1 ea*2 & 7,c7 9 p>agraph 7#c71 by /rik+ ,! ! fir/ place su* t]m appe>s & ins]t+ ,subject to subsection 7i7 ( ?is section1 !2 7#c7 9 subsection 7e77#a71 by /rik+ ,if & ins]t+ ,subject to subsection 7i7 ( ?is section1 if2 & 7#d7 by add+ at ! end ! foll[+ new subsection3 7i7 ,satisfaction ( m&atory pur*ase requirem5t 9 ,/ates all[+ all-p]ils policies 7#a7 ,waiv]s ,subsections 7a7 & 7b7 ( ?is section %all n apply ) respect to resid5tial prop]ties 9 any ,/ate t all[s any prop]ty insurance cov]age t cov]s all-p]ils except specifically exclud$ p]ils & t includes cov]age = flood p]ils 9 an am\nt at lea/ equal to ! out/&+ pr9cipal balance ( ! loan or ! maximum limit ( flood insurance cov]age made available "u ?is title ) respect to su* type ( resid5tial prop]ty1 :i*ev] is less4 7#b7 ,def9itions1 proc$ures1 /&>ds ,! ,adm9i/rator may e/abli% su* def9itions1 proc$ures1 & /&>ds z ! ,adm9i/rator consid]s necess>y = mak+ det]m9ations "u p>agraph 7#a74 4 #eji4 ,flood insurance pur*ase requirem5ts ,section #ajb ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djab;a71 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$-- 7#a7 9 subsection 7c77#b77;,a71 by /rik+ #e1jjj or less & ins]t+ ! foll[+3 #be1jjj or less1 except t su* am\nt 7z x may h be5 previ\sly adju/$7 %all be adju/$ = inflation by ! ,adm9i/rator ^u ! expiration ( ! #e-ye> p]iod beg9n+ ^u ! enactm5t ( ! #ba/ ,c5tury ,flood ,re=m ,act & ^u ! expiration ( ea* successive #e-ye> p]iod !reaft]1 9 accordance ) an inflation>y index select$ by ! ,adm9i/rator2 & 7#b7 by add+ at ! end ! foll[+ new subsection3 7j7 ,flood insurance pur*ase requirem5ts ,not)/&+ any o!r provision ( law1 a ,/ate or local gov]nm5t or private l5d] may require ! pur*ase ( flood insurance cov]age = a /ructure t is locat$ outside ( an area hav+ special flood haz>ds4 4 #eaj4 ,cl>ifications2 deadl9e = approval ( claims 7a7 ,rule ( con/ruction ,"p ,c ( *apt] ,,ii ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djha et seq471 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$ by add+ at ! end ! foll[+ new section3 #acej4 ,rule ( con/ruction ,a policyhold] ( a policy = flood insurance cov]age made available "u ?is title mu/ exhau/ all adm9i/rative rem$ies1 includ+ submission ( disput$ claims to appeal "u any appeal process made available by ! ,adm9i/rator1 prior to comm5c+ legal action on any disput$ claim "u su* a policy4 4 7b7 ,deadl9e = approval ( claims 7#a7 ,9 g5]al ,section #acab ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djai71 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$-- 7,a7 9 subsection 7a71 by /rik+ ,! ,adm9i/rator & ins]t+ ,subject to ! o!r provisions ( ?is section1 ! ,adm9i/rator2 & 7,b7 by add+ at ! end ! foll[+ new subsection3 7c7 ,deadl9e = approval ( claims 7#a7 ,9 g5]al ,! ,adm9i/rator %all provide t1 9 ! case ( any claim = damage to or loss ( prop]ty "u flood insurance cov]age made available "u ?is title1 an initial det]m9ation reg>d+ approval ( a claim = paym5t or disapproval ( ! claim be made1 & notification ( su* det]m9ation be provid$ to ! insur$ mak+ su* claim1 n lat] ?an ! expiration ( ! #abj-;day p]iod 7z su* p]iod may be ext5d$ pursuant to p>agraph 7#b77 beg9n+ ^u ! day on :i* ! policyhold] submits a sign$ pro( ( loss detail+ ! damage & am\nt ( ! loss4 ,paym5t ( approv$ claims %all be made z soon z possible aft] su* approval4 7#b7 ,ext5sion ( deadl9e ,! ,adm9i/rator %all provide t ! p]iod ref]r$ to 9 p>agraph 7#a7 may be ext5d$ by a s+le additional p]iod ( #ae days 9 cases :]e extraord9>y circum/ances are demon/rat$4 ,! ,adm9i/rator %all1 by regulation1 e/abli% crit]ia = demon/rat+ su* extraord9>y circum/ances & = det]m9+ to :i* claims su* extraord9>y circum/ances apply4 4 7#b7 ,applicability ,! am5dm5ts made by p>agraph 7#a7 %all apply to any claim "u flood insurance cov]age made available "u ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djja et seq47 p5d+ on ! date ( ! enactm5t ( ?is ,act & any claims made aft] su* date ( enactm5t4 #eaa4 ,risk transf] requirem5t ,subsection 7e7 ( section #acde ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djha7;e77 is am5d$-- 7#a7 by /rik+ 7e7 ,risk transf]4--,! ,adm9i/rator & ins]t+ ! foll[+3 7e7 ,risk transf] 7#a7 ,au?ority ,! ,adm9i/rator 2 & 7#b7 by add+ at ! end ! foll[+ new p>agraph3 7#b7 ,requir$ risk transf] cov]age 7,a7 ,requirem5t ,n lat] ?an ! expiration ( ! #ah-mon? p]iod beg9n+ ^u ! date ( ! enactm5t ( ?is p>agraph & at all times !reaft]1 ! ,adm9i/rator %all annually c$e a portion ( ! risk ( ! flood insurance program "u ?is title to ! private re9surance or capital m>kets1 or any comb9ation !re(1 & at rates & t]ms t ! ,adm9i/rator det]m9es to be reasonable & appropriate1 9 an am\nt t-- 7i7 is suffici5t to ma9ta9 ! ability ( ! program to pay claims2 & 7ii7 manages & limits ! annual exposure ( ! flood insurance program to flood losses 9 accordance ) ! probable maximum loss t>get e/abli%$ = su* ye> "u subp>agraph 7,b74 7,b7 ,probable maximum loss t>get ,! ,adm9i/rator %all = ea* fiscal ye>1 e/abli% a probable maximum loss t>get = ! national flood insurance program t %all be ! maximum probable loss "u ! national flood insurance program t is expect$ to occur 9 su* fiscal ye>4 7,c7 ,consid]ations ,9 e/abli%+ ! probable maximum loss t>get "u subp>agraph 7,b7 = ea* fiscal ye> & c>ry+ out subp>agraph 7,a71 ! ,adm9i/rator %all consid]-- 7i7 ! probable maximum loss t>gets = o!r ,unit$ ,/ates public natural cata/rophe insurance programs1 includ+ z ,/ate w9d pools & e>?quake programs2 7ii7 ! probable maximum loss t>gets ( o!r risk managem5t organizations1 includ+ ! ,f$]al ,national ,mortgage ,association & ! ,f$]al ,home ,loan ,mortgage ,corporation2 7iii7 cata/rophic1 actu>ial1 & o!r appropriate data model+ results ( ! national flood insurance program portfolio2 7iv7 ! availability ( funds 9 ! ,national ,flood ,insurance ,fund e/abli%$ "u section #acaj 7#db ,u4,s4,c4 #djag72 7v7 ! availability ( funds 9 ! ,national ,flood ,insurance ,res]ve ,fund e/abli%$ "u section #acaj;,a 7#db ,u4,s4,c4 #djag;a72 7vi7 ! availability ( borr[+ au?ority "u section #acji 7#db ,u4,s4,c4 #djaf72 7vii7 ! ability ( ! ,adm9i/rator to repay out/&+ debt2 7viii7 am\nts appropriat$ to ! ,adm9i/rator to c>ry out ! national flood insurance program2 7ix7 re9surance1 capital m>kets1 cata/rophe bonds1 collat]aliz$ re9surance1 resili5ce bonds1 & o!r insurance-l9k$ securities1 & o!r risk transf] opportunities2 & 7x7 any o!r factor ! ,adm9i/rator det]m9es appropriate4 7,d7 ,multi-ye> contracts ,no?+ 9 ?is p>agraph may be con/ru$ to prev5t or prohibit ! ,adm9i/rator f comply+ ) ! requirem5t "u subp>agraph 7,a7 reg>d+ c$+ risk ?r\gh contracts hav+ a duration long] ?an "o ye>4 4 #eab4 ,,gao /udy ( simplification ( ,national ,flood ,insurance ,program 7a7 ,/udy ,! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all conduct a /udy ( options = simplify+ flood insurance cov]age made available "u ! ,national ,flood ,insurance ,act1 :i* %all include ! foll[+3 7#a7 ,an analysis ( h[ ! adm9i/ration ( ! ,national ,flood ,insurance ,program c be simplifi$--/atutorily1 regulatorily1 & adm9i/ratively--= private flood insurance policyhold]s1 companies1 ag5ts1 mortgage l5d]s1 & flood insurance v5dors4 7#b7 ,an assessm5t ( ways 9 :i* flood insurance cov]age made available "u ! ,national ,flood ,insurance ,act & ! program = provid+ & adm9i/rat+ su* cov]age may be h>moniz$ ) private insurance indu/ry /&>ds4 7#c7 ,id5tification & analysis ( ways 9 :i* ! /ructure ( ! ,national ,flood ,insurance ,program may be simplifi$1 includ+ analysis ( ! efficacy & effects ea* ( ! foll[+ actions3 7,a7 ,elim9at+ ! use ( two d$uctibles "u ! ,program4 7,b7 ,includ+ 9 claims = flood-damages full replacem5t co/ = prop]ty n damag$1 b r5d]$ unusable1 by ! flood+4 7,c7 ,us+ umbrella policies t all[ multiple /ructures on a prop]ty to be insur$ "u ! same policy4 7b7 ,report ,n lat] ?an ! expiration ( ! #ah-mon? p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al %all submit a report to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate reg>d+ ! f9d+s & conclusions ( ! /udy conduct$ pursuant to ?is section4 #eac4 ,,gao /udy on en=cem5t ( m&atory pur*ase requirem5ts 7a7 ,9 g5]al ,! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all conduct a /udy ( ! implem5tation & efficacy ( ! requirem5ts ( section #ajb ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djab;a74 ,su* /udy %all at m9imum consid] ! foll[+ que/ions3 7#a7 ,h[ effectively d ,f$]al ag5cies1 regulat$ l5d+ in/itutions1 & ,f$]al entities = l5d+ regulation implem5t ! requirem5ts ( section #ajb ( ! ,flood ,disa/] ,protection ,act ( #aigc8 7#b7 ,does ! curr5t implem5tation ( ,flood ,disa/] ,protection ,act ( #aigc align ) ! congressional f9d+s & purposes describ$ 9 section #b7;b7 ( su* ,act 7#db ,u4,s4,c4 #djjb78 7#c7 ,:at is ! curr5t level ( compliance ) section #ajb8 7#d7 ,:at are ! e/imat$ hi/orical impacts on rev5ue to ! ,national ,flood ,insurance ,program bas$ on ! curr5t level ( compliance ( section #ajb8 7#e7 ,is ! curr5t monitor+ & track+ framework 9 place suffici5t to ensure compliance ) section #ajb8 7#f7 ,:at is ! be/ way to e/abli% a consolidat$1 compreh5sive1 & accurate repository ( data on compliance ) section #ajb8 7#g7 ,:at1 if any1 un9t5d$ consequ5ces h result$ f ! requirem5ts & implem5tation ( section #ajb8 7#h7 ,h[ c ,f$]al ag5cies & regulat$ l5d+ in/itutions improve compliance ) section #ajb8 7b7 ,report ,n lat] ?an ! expiration ( ! #ah-mon? p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al %all submit a report to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate reg>d+ ! f9d+s & conclusions ( ! /udy conduct$ pursuant to ?is section4 ,,vi ,adm9i/rative re=ms #fja4 ,p5alties = fraud & false /atem5ts 9 ! ,national ,flood ,insurance ,program ,"p ,c ( *apt] #b ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djha et seq471 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$ by add+ at ! end ! foll[+ new section3 #acea4 ,p5alties = fraud & false /atem5ts 9 ! ,national ,flood ,insurance ,program 7a7 ,prohibit$ acts ,a p]son %all n kn[+ly make a false or mislead+ /atem5t1 production1 or submission 9 connection ) ! prov+ or adju/+ ( a claim = flood insurance cov]age made available "u ?is ,act4 ,su* prohibit$ acts include-- 7#a7 kn[+ly =g+ an eng9e]+ report1 claims adju/m5t report or te*nical assi/ance report us$ to support a claim det]m9ation2 7#b7 kn[+ly mak+ any mat]ially false1 fictiti\s1 or fraudul5t /atem5t or repres5tation 9 an eng9e]+ report1 claims adju/m5t report1 or te*nical assi/ance report to support a claim det]m9ation2 7#c7 kn[+ly submitt+ a mat]ially false1 fictiti\s1 or fraudul5t claim4 7b7 ,civil en=cem5t ,! ,attorney ,g5]al may br+ a civil action = su* relief z may be appropriate :5ev] x appe>s t any p]son has violat$ or is ab\t to violate any provision ( ?is section4 ,su* action may be br\ght 9 an appropriate ,unit$ ,/ates di/rict c\rt4 7c7 ,ref]ral to ,attorney ,g5]al ,! ,adm9i/rator %all exp$iti\sly ref] to ! ,attorney ,g5]al = appropriate action any evid5ce develop$ 9 ! p]=mance ( functions "u ?is ,act t may w>rant consid]ation = crim9al or civil prosecution4 7d7 ,p5alties 7#a7 ,civil monet>y p5alty ,any p]son :o violates subsection 7a7 %all be subject to a civil p5alty ( n m ?an #aj1jjj = ea* violation1 :i* %all be deposit$ into ! ,national ,flood ,insurance ,fund e/abli%$ "u section #acaj 7#db ,u4,s4,c4 #djag74 7#b7 ,susp5sion & deb>m5t ,any p]son :o violates subsection 7a7 %all n be eligible1 = a p]iod ( n less ?an #b ye>s & n to exce$ #e ye>s1 to-- 7,a7 receive flood insurance cov]age pursuant to ?is title2 or 7,b7 provide s]vices 9 connection ) ! sell+1 s]vic+1 or h&l+ ( claims = flood insurance policies provid$ pursuant to ?is title4 7#c7 ,o!r p5alties ,! p5alties provid$ = 9 ?is subsection %all be 9 addition to any o!r civil or crim9al p5alty available "u law4 4 #fjb4 ,enhanc$ policyhold] appeals process rights 7a7 ,e/abli%m5t ,"p ,c ( *apt] ,,ii ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djha et seq471 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$ by add+ at ! end ! foll[+ new section3 #aceb4 ,approval ( decisions relat+ to flood insurance cov]age 7a7 ,9 g5]al ,! ,adm9i/rator %all e/abli% an appeals process to enable hold]s ( a flood insurance policy provid$ "u ?is title to appeal ! decisions ( _! insur]1 ) respect to ! disall[ance1 9 :ole or 9 "p1 ( any claims = prov$ & approv$ losses cov]$ by flood insurance4 ,su* appeals %all be limit$ to ! claim or portion ( ! claim disall[$ by ! insur]4 7b7 ,appeal decision ,^u a decision 9 an appeal "u subsection 7a71 ! ,adm9i/rator %all provide ! policyhold] ) a writt5 appeal decision4 ,! appeal decision %all expla9 ! ,adm9i/rator's det]m9ation to uphold or ov]turn ! decision ( ! flood insur]4 ,! ,adm9i/rator may direct ! flood insur] to take action necess>y to resolve ! appeal1 to include re-inspection1 re-adju/m5t1 or paym5t1 z appropriate4 7c7 ,rules ( con/ruction ,?is section %all n be con/ru$ z-- 7#a7 mak+ ! ,f$]al ,em]g5cy ,managem5t ,ag5cy or ! ,adm9i/rator a p>ty to ! flood insurance contract2 or 7#b7 creat+ any action or rem$y n o!rwise provid$ by ?is title4 4 7b7 ,repeal ,section #bje ( ! ,bunn+-,blum5au]-,b]eut] ,flood ,insurance ,re=m ,act ( #bjjd 7#db ,u4,s4,c4 #djaa note7 is h]eby repeal$4 #fjc4 ,deadl9e = approval ( claims 7a7 ,9 g5]al ,section #acab ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djai71 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$ by add+ at ! end ! foll[+ new subsection3 7d7 ,deadl9e = approval ( claims 7#a7 ,9 g5]al ,! ,adm9i/rator %all provide t1 9 ! case ( any claim = damage to or loss ( prop]ty "u flood insurance cov]age made available "u ?is title1 a f9al det]m9ation reg>d+ approval ( a claim = paym5t or disapproval ( ! claim be made1 & notification ( su* det]m9ation be provid$ to ! insur$ mak+ su* claim1 n lat] ?an ! expiration ( ! #ij-;day p]iod 7z su* p]iod may be ext5d$ pursuant to p>agraph 7#b77 beg9n+ ^u ! day on :i* su* claim 0 made4 ,paym5t ( approv$ claims %all be made z soon z possible aft] su* approval4 7#b7 ,ext5sion ( deadl9e ,! ,adm9i/rator %all provide t ! p]iod ref]r$ to 9 p>agraph 7#a7 may be ext5d$ by a s+le additional p]iod ( #ae days 9 cases :]e extraord9>y circum/ances are demon/rat$4 ,! ,adm9i/rator %all1 by regulation1 e/abli% crit]ia = demon/rat+ su* extraord9>y circum/ances & = det]m9+ to :i* claims su* extraord9>y circum/ances apply4 4 7b7 ,applicability ,! am5dm5ts made by subsection 7a7 %all apply to any claim "u flood insurance cov]age made available "u ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djja et seq47 p5d+ on ! date ( ! enactm5t ( ?is ,act & any claims made aft] su* date ( enactm5t4 #fjd4 ,litigation process ov]sight & re=m ,"p ,c ( *apt] ,,ii ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djha et seq471 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$ by add+ at ! end ! foll[+ new section3 #acec4 ,ov]sight ( litigation 7a7 ,ov]sight ,! ,adm9i/rator %all monitor & ov]see litigation conduct$ by ,write ,y\r ,own companies aris+ "u contracts = flood insurance sold pursuant to ?is title1 to ensure t-- 7#a7 litigation exp5ses are reasonable1 appropriate1 & co/-effective2 & 7#b7 ,write ,y\r ,own companies comply ) guidance & proc$ures e/abli%$ by ! ,adm9i/rator reg>d+ ! conduct ( litigation4 7b7 ,d5ial ( reimbursem5t = exp5ses ,! ,adm9i/rator may d5y reimbursem5t = litigation exp5ses t are det]m9$ to be unreasonable1 excessive1 contr>y to guidance issu$ by ! ,adm9i/rator1 or outside ! scope ( any arrangem5t ent]$ into ) a ,write ,y\r ,own company4 7c7 ,litigation /rategy ,! ,adm9i/rator may direct litigation /rategy = claims aris+ "u a contract = flood insurance sold by a ,write ,y\r ,own company4 4 #fje4 ,prohibition on hir+ disb>r$ attorneys ,"p ,c ( *apt] ,,ii ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djha et seq471 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$ by add+ at ! end ! foll[+ new section3 #aced4 ,prohibition on hir+ disb>r$ attorneys ,! ,adm9i/rator may n at any "t newly employ 9 connection ) ! flood insurance program "u ?is title any attorney :o has be5 susp5d$ or disb>r$ by any c\rt1 b>1 or ,f$]al or ,/ate ag5cy to :i* ! individual 0 previ\sly admitt$ to practice4 4 #fjf4 ,te*nical assi/ance reports 7a7 ,use ,section #acab ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djai71 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$ by add+ at ! end ! foll[+ new subsection3 7e7 ,use ( te*nical assi/ance reports ,:5 adju/+ claims = any damage to or loss ( prop]ty :i* is cov]$ by flood insurance made available "u ?is title1 ! ,adm9i/rator may rely ^u te*nical assi/ance reports1 z su* t]m is def9$ 9 section #acab;,a1 only if su* reports are f9al & are prep>$ 9 compliance ) applicable ,/ate & ,f$]al laws reg>d+ pr(essional lic5sure & conduct4 4 7b7 ,disclosure ,! ,national ,flood ,insurance ,act ( #aifh is am5d$ by ins]t+ aft] section #acab 7#db ,u4,s4,c4 #djai7 ! foll[+ new section3 #acab;,a4 ,disclosure ( te*nical assi/ance reports 7a7 ,9 g5]al ,not)/&+ section #eeb;a ( title #e1 ,unit$ ,/ates ,code1 ^u reque/ by a policyhold]1 ! ,adm9i/rator %all provide a true1 complete1 & unr$act$ copy ( any te*nical assi/ance report t ! ,adm9i/rator reli$ ^u 9 adju/+ & pay+ = any damage to or loss ( prop]ty insur$ by ! policyhold] & cov]$ by flood insurance made available "u ?is title4 ,su* disclosures %all be 9 addition to any o!r "r ( disclosure o!rwise made available pursuant su* section #eeb;a or any o!r provision ( law4 7b7 ,direct disclosure by ,write ,y\r ,own companies & direct s]vic+ ag5ts ,a ,write ,y\r ,own company or direct s]vic+ ag5t 9 possession ( a te*nical assi/ance report subject to disclosure "u subsection 7a7 may disclose su* te*nical assi/ance report )\t fur!r review or approval by ! ,adm9i/rator4 7c7 ,def9itions ,= purposes ( ?is section1 ! foll[+ def9itions %all apply3 7#a7 ,policyhold] ,! t]m policyhold] means a p]son or p]sons %[n z an insur$ on ! decl>ations page ( a policy = flood insurance cov]age sold pursuant to ?is title4 7#b7 ,te*nical assi/ance report ,! t]m te*nical assi/ance report means a report creat$ = ! purpose ( furni%+ te*nical assi/ance to an insurance claims adju/] assign$ by ! ,national ,flood ,insurance ,program1 includ+ by eng9e]s1 surveyors1 salvors1 ar*itects1 & c]tifi$ public acc\nts4 4 #fjg4 ,improv$ disclosure requirem5t = /&>d flood insurance policies ,section #ajjbcd ( ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab 7#db ,u4,s4,c4 #djac;a7 is am5d$ by add+ at ! end ! foll[+ new subsection3 7c7 ,disclosure ( cov]age 7#a7 ,disclosure %eet ,ea* policy "u ! ,national ,flood ,insurance ,program %all include a disclosure %eet t sets =?1 9 pla9 language-- 7,a7 ! def9ition ( ! t]m flood = purposes ( cov]age "u ! policy2 7,b7 a description ( :at type ( flood =ces are necess>y s t losses f an ev5t are cov]$ "u ! policy1 includ+ ov]fl[ ( inl& or tidal waves1 unusual & rapid accumulation or run(f ( a surface any s\rce1 & mudfl[2 7,c7 a /atem5t ( ! types & *>act]i/ics ( losses t are n cov]$ "u ! policy2 7,d7 a summ>y ( total co/ & am\nt ( insurance cov]age1 & any o!r in=mation relat+ to su* cov]age requir$ to be disclos$ "u section #acjh7l7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7l772 7,e7 a /atem5t t ! disclosure %eet provides g5]al in=mation ab\t ! policyhold]'s /&>d flood insurance policy2 7,f7 a /atem5t t ! /&>d flood insurance policy1 toge!r ) ! endorsem5ts & decl>ations page1 make up ! (ficial contract & are controll+ 9 ! ev5t t !re is any diff]5ce betwe5 ! in=mation on ! disclosure %eet & ! in=mation 9 ! policy2 & 7,g7 a /atem5t t if ! policyhold] has any que/ions reg>d+ in=mation 9 ! disclosure %eet or policy he or %e %\ld contact ! entity sell+ ! policy on behalf ( ! ,program1 toge!r ) contact in=mation suffici5t to all[ ! policyhold] to contact su* entity4 7#b7 ,ackn[l$gm5t %eet ,ea* policy "u ! ,national ,flood ,insurance ,program %all include an ackn[l$gm5t %eet t sets =?1 9 pla9 language-- 7,a7 a /atem5t ( :e!r or n !re is a basem5t 9 ! prop]ty to be cov]$ by ! policy2 7,b7 a /atem5t ( :e!r or n ! policy provides cov]age = ! cont5ts ( ! prop]ty cov]$ by ! policy2 7,c7 a /atem5t t ! /&>d flood insurance policy1 toge!r ) ! endorsem5ts & decl>ations page1 make up ! (ficial contract & are controll+ 9 ! ev5t t !re is any diff]5ce betwe5 ! in=mation on ! ackn[l$gm5t %eet & ! in=mation 9 ! policy2 & 7,d7 a /atem5t t if ! policyhold] has any que/ions reg>d+ in=mation 9 ! ackn[l$gm5t %eet or policy he or %e %\ld contact ! entity sell+ ! policy on behalf ( ! ,program1 toge!r ) contact in=mation suffici5t to all[ ! policyhold] to contact su* entity4 7#c7 ,requir$ signatures ,not)/&+ section #acjf7;c7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djac7;c771 a policy = flood insurance cov]age "u ! ,national ,flood ,insurance ,program may n take effect unless ! disclosure %eet requir$ "u p>agraph 7#a7 & ! ackn[l$gm5t %eet requir$ "u p>agraph 7#b71 ) respect to ! policy1 are sign$ & dat$ by ! policyhold] & ! sell] ( ! policy :o is act+ on behalf ( ! ,program4 4 #fjh4 ,res]ve ,fund am\nts ,section #acaj ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djag7 is am5d$ by add+ at ! end ! foll[+ new subsection3 7g7 ,cr$it+ ( ,res]ve ,fund am\nts ,funds collect$ pursuant to section #acaj;,a may be cr$it$ to ! ,fund "u ?is section to be available = ! purpose describ$ 9 subsection 7d77#a74 4 #fji4 ,suffici5t /aff+ = ,(fice ( ,flood ,insurance ,advocate 7a7 ,9 g5]al ,section #bd ( ! ,home[n] ,flood ,insurance ,af=dability ,act ( #bjad 7#db ,u4,s4,c4 #djcc7 is am5d$ by add+ at ! end ! foll[+ new subsection3 7c7 ,/aff ,! ,adm9i/rator %all ensure t ! ,flood ,insurance ,advocate has suffici5t /aff to c>ry out all ( ! duties & responsibilities ( ! ,advocate "u ?is section4 4 7b7 ,tim+ ,! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy %all take su* actions z may be necess>y to provide = full compliance ) section #bd7;c7 ( ! ,home[n] ,flood ,insurance ,af=dability ,act ( #bjad1 z add$ by ! am5dm5t made by subsection 7a7 ( ?is section1 n lat] ?an ! expiration ( ! #ahj-;day p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act4 #faj4 ,limit$ exemption = disa/] or cata/rophe claims adju/]s ,section #g ( ! ,fair ,labor ,/&>ds ,act ( #aich 7#bi ,u4,s4,c4 #bjg7 is am5d$ by add+ at ! end ! foll[+3 7s7 7#a7 ,! provisions ( ?is section %all n apply = a p]iod ( #b ye>s aft] ! occurr5ce ( a major disa/] to any employee-- 7,a7 employ$ to adju/ or evaluate claims result+ f or relat+ to su* major disa/]1 by an employ] n engag$1 directly or ?r\gh an affiliate1 9 und]writ+1 sell+1 or m>ket+ prop]ty1 casualty1 or liability insurance policies or contracts2 7,b7 :o receives f su* employ] on av]age weekly comp5sation ( n less ?an #eia4jj p] week or any m9imum weekly am\nt e/abli%$ by ! ,secret>y1 :i*ev] is great]1 = ! numb] ( weeks su* employee is engag$ 9 any ( ! activities describ$ 9 subp>agraph 7,c72 & 7,c7 ^: duties include any ( ! foll[+3 7i7 int]view+ insur$ individuals1 individuals :o suff]$ injuries or o!r damages or losses aris+ f or relat+ to a disa/]1 witnesses1 or physicians2 7ii7 inspect+ prop]ty damage or review+ factual in=mation to prep>e damage e/imates2 7iii7 evaluat+ & mak+ recomm5dations reg>d+ cov]age or comp5sability ( claims or det]m9+ liability or value aspects ( claims2 7iv7 negotiat+ settlem5ts2 or 7v7 mak+ recomm5dations reg>d+ litigation4 7#b7 ,not)/&+ any o!r provision ( section #ah1 9 ! ev5t ( a major disa/]1 ?is ,act exclusively %all gov]n all su* employ]s 9 lieu ( any ,/ate or o!r ,f$]al law or regulation or local law or regulation1 ) respect to ! employees describ$ 9 p>agraph 7#a74 7#c7 ,! exemption 9 ?is subsection %all n affect ! exemption provid$ by section #ac7;a77#a74 7#d7 ,= purposes ( ?is subsection-- 7,a7 ! t]m major disa/] means any natural cata/rophe1 includ+ any hurricane1 tornado1 /orm1 high wat]1 w9d driv5 wat]1 tidal wave1 tsunami1 e>?quake1 volcanic eruption1 l&slide1 mudslide1 sn[/orm1 or dr\ght1 or1 reg>dless ( cause1 any o!r cata/rophe1 includ+ fire1 flood1 explosion1 l& collapse1 avalan*e1 or pollutant or *emical release2 7,b7 ! t]m employee employ$ to adju/ or evaluate claims result+ f or relat+ to su* major disa/] means an individual :o timely secur$ or secures a lic5se requir$ by applicable law to engage 9 & p]=m ! activities describ$ 9 clauses 7i7 ?r\gh 7v7 ( p>agraph 7#a77;,c7 relat+ to a major disa/]1 & is employ$ by an employ] t ma9ta9s work] comp5sation insurance cov]age or protection = its employees1 if requir$ by applicable law1 & )holds applicable ,f$]al1 ,/ate1 & local income & payroll taxes f ! wages1 sal>ies & any b5efits ( su* employees2 & 7,c7 ! t]m affiliate means a company t1 by reason ( own]%ip or control ( tw5ty-five p]c5t 7#be7 or m ( ! out/&+ %>es ( any class ( vot+ securities ( "o or m companies1 directly or indirectly1 controls1 is controll$ by1 or is "u common control )1 ano!r company4 4 ,pass$ ! ,h\se ( ,repres5tatives ,novemb] #ad1 #bjag4;,cl]k4