,,ii #aae? ,,congress #a/ ,session ,s4 #acac ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,june #g1 #bjag ,mr4 ,cassidy 7= himself1 ,mrs4 ,gillibr&1 & ,mrs4 ,capito7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to reau?orize ! ,national ,flood ,insurance ,program1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,flood ,insurance ,af=dability & ,su/a9ability ,act ( #bjag4 #b4 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title4 ,sec4 #b4 ,table ( cont5ts4 ,sec4 #c4 ,def9itions4 ,sec4 #d4 ,ext5sion ( national flood insurance program4 ,,title ,i--,enhanc+ ! ,solv5cy & ,su/a9ability ( ! ,national ,flood ,insurance ,program ,sec4 #aja4 ,risk transf]4 ,sec4 #ajb4 ,exp&$ flood insurance p>ticipation /udy4 ,,title ,,ii--,enhanc+ ,flood ,insurance ,af=dability & ,accessibility ,sec4 #bja4 ,use ( premium sur*>ges4 ,sec4 #bjb4 ,disclosure ) respect to ! af=dability /&>d4 ,sec4 #bjc4 ,flood risk disclosure4 ,sec4 #bjd4 ,increas$ co/ ( compliance4 ,sec4 #bje4 ,prop]ty risk data4 ,sec4 #bjf4 ,mitigation provisions4 ,sec4 #bjg4 ,home /ructure values4 ,sec4 #bjh4 ,af=dability v\*]s4 ,sec4 #bji4 ,cov]age limits4 ,sec4 #baj4 ,mon?ly in/allm5t paym5t ( premiums4 ,,title ,,iii--,agre$ ,value ,pilot ,program ,sec4 #cja4 ,%ort title4 ,sec4 #cjb4 ,def9itions4 ,sec4 #cjc4 ,agre$ ,value ,flood ,protection ,pilot ,program4 ,sec4 #cjd4 ,use ( agre$ value flood protection to satisfy requirem5t to pur*ase flood insurance to receive a mortgage loan4 ,sec4 #cje4 ,agre$ ,value ,flood ,protection ,program ,res]ve ,fund4 ,sec4 #cjf4 ,rule ( con/ruction4 ,,title ,,iv--,provid+ private m>ket access1 acc\ntability1 & competition ,sec4 #dja4 ,use ( private flood insurance to satisfy m&atory pur*ase requirem5t4 ,sec4 #djb4 ,provision ( private flood insurance by write y\r own companies4 ,sec4 #djc4 ,availability ( ,,nfip claims data4 ,sec4 #djd4 ,fees & sur*>ges = private flood insurance policies4 ,sec4 #dje4 ,write ,y\r ,own ,risk ,%>+ ,pilot ,program4 ,,title ,v--,mod]niz+ flood mapp+ & flood risk accuracy ,sec4 #eja4 ,reau?orization ( ,national ,flood ,mapp+ ,program4 ,sec4 #ejb4 ,mapp+ /&>ds & guidel9es = nongov]nm5tal entities4 ,sec4 #ejc4 ,use ( high-resolution mapp+ te*nology4 ,sec4 #ejd4 ,protect$ areas4 ,sec4 #eje4 ,coa/al flood models4 ,,title ,,vi--,enhanc+ ,national ,flood ,insurance ,program transp>5cy & acc\ntability ,sec4 #fja4 ,deadl9e = approval ( claims4 ,sec4 #fjb4 ,flood insurance transp>5cy1 acc\ntability1 & re=m4 ,sec4 #fjc4 ,reports to ,congress4 #c4 ,def9itions 7a7 ,free/&+ def9itions ,9 ?is ,act-- 7#a7 ! t]m ,adm9i/rator means ! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy2 7#b7 ! t]ms ,f$]al flood insurance & private flood insurance h ! mean+s giv5 ^? t]ms 9 section #ajb7;b77#g7 ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djab;a7b77#g771 z am5d$ by section #dja7;a77#a7 ( ?is ,act2 7#c7 ! t]m m&atory pur*ase requirem5t means ! requirem5t "u subsections 7a7 & 7b7 ( section #ajb ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djab;a71 z am5d$ by section #dja ( ?is ,act1 to h flood insurance cov]age2 7#d7 ! t]m ,national ,flood ,insurance ,program means ! program e/abli%$ "u ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djja et seq472 7#e7 ! t]m repetitive loss /ructure has ! mean+ giv5 ! t]m 9 section #acgj7;a7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #daba7;a772 7#f7 ! t]m sev]e repetitive loss /ructure has ! mean+ giv5 ! t]m 9 section #acff7;h7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #dajd;c7h772 7#g7 ! t]m ,/&>d ,flood ,insurance ,policy means ! ,/&>d ,flood ,insurance ,policy set =? 9 app5dix ,a to "p #fa ( title #dd1 ,code ( ,f$]al ,regulations 7or any successor regulation72 7#h7 ! t]m t>get h\s+ means a h\se /ructure t-- 7,a7 is 9 an area t has be5 id5tifi$ by ! ,adm9i/rator z an area hav+ special flood haz>ds2 or 7,b7 has incurr$ flood damage2 7#i7 ! t]m ,write ,y\r ,own company means a private prop]ty insurance company t p>ticipates 9 ! ,write ,y\r ,own ,program2 & 7#aj7 ! t]m ,write ,y\r ,own ,program means ! program "u :i* ! ,f$]al ,em]g5cy ,managem5t ,ag5cy ent]s into a /&>d arrangem5t ) private prop]ty insurance companies to-- 7,a7 sell contracts = ,f$]al flood insurance "u _! own bus9ess l9es ( insurance2 & 7,b7 adju/ & pay claims aris+ "u ! contracts describ$ 9 subp>agraph 7,a74 7b7 ,national ,flood ,insurance ,act ,section #acgj7;a7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #daba7;a77 is am5d$-- 7#a7 9 p>agraph 7#ad71 by /rik+ & at ! end2 7#b7 9 p>agraph 7#ae71 by /rik+ ! p]iod at ! end & ins]t+ a semicolon2 & 7#c7 by add+ at ! end ! foll[+3 7#af7 ! t]m claim report means a report creat$ = ! purpose ( inve/igat+1 adju/+1 or process+ a claim "u ! national flood insurance program1 includ+ su* reports produc$ by adju/]s1 eng9e]s1 surveyors1 salvors1 ar*itects1 & c]tifi$ public acc\ntants2 7#ag7 ! t]m private flood insurance has ! mean+ giv5 ! t]m 9 section #ajb7;b7 ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djab;a7b772 7#ah7 ! t]m ,write ,y\r ,own company means a private prop]ty insurance company t p>ticipates 9 ! ,write ,y\r ,own ,program2 & 7#ai7 ! t]m ,write ,y\r ,own ,program means ! program "u :i* ! ,f$]al ,em]g5cy ,managem5t ,ag5cy ent]s into a /&>d arrangem5t ) private prop]ty insurance companies to-- 7,a7 sell contracts = ,f$]al flood insurance "u _! own bus9ess l9es ( insurance2 & 7,b7 adju/ & pay claims aris+ "u ! contracts describ$ 9 subp>agraph 7,a74 4 7c7 ,te*nical & con=m+ am5dm5t ,section #ajjbjb7;a7 ( ! ,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[+3 7#e7 ,write ,y\r ,own ,program ,! t]m ,write ,y\r ,own ,program means ! program "u :i* ! ,f$]al ,em]g5cy ,managem5t ,ag5cy ent]s into a /&>d arrangem5t ) private prop]ty insurance companies to-- 7,a7 sell contracts = ,f$]al flood insurance "u _! own bus9ess l9es ( insurance2 & 7,b7 adju/ & pay claims aris+ "u ! contracts describ$ 9 subp>agraph 7,a74 4 #d4 ,ext5sion ( national flood insurance program 7a7 ,f9anc+ ,section #acji7;a7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djaf7;a77 is am5d$1 9 ! fir/ s5t5ce1 by /rik+ ,septemb] #cj1 #bjag & ins]t+ ,septemb] #cj1 #bjbg4 7b7 ,program expiration ,section #acai ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djbf7 is am5d$ by /rik+ ,septemb] #cj1 #bjag & ins]t+ ,septemb] #cj1 #bjbg4 ,i ,enhanc+ ! ,solv5cy & ,su/a9ability ( ! ,national ,flood ,insurance ,program #aja4 ,risk transf] ,section #acde ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djha7 is am5d$ by /rik+ subsection 7e7 & ins]t+ ! foll[+3 7e7 ,risk transf] 7#a7 ,9 g5]al ,! ,adm9i/rator %all annually transf] a portion ( ! risk associat$ ) ! flood insurance program to ! private re9surance or capital m>kets-- 7,a7 if ! ,adm9i/rator has det]m9$ t ! rates & t]ms ( ! transf] are reasonable & appropriate2 & 7,b7 9 an am\nt t is suffici5t to-- 7i7 ma9ta9 ! ability ( ! program to pay claims2 & 7ii7 limit ! exposure ( ! program to pot5tial cata/rophic losses f extreme ev5ts4 7#b7 ,=ms ( transf] ,9 c>ry+ out p>agraph 7#a71 ! ,adm9i/rator %all consid] all =ms ( risk transf]1 includ+ traditional re9surance1 cata/rophe bonds1 collat]aliz$ re9surance1 resili5ce bonds1 & o!r insurance-l9k$ securities1 9 ord] to-- 7,a7 maximize pric+ competition & ! div]sity ( s\rces ( capital2 & 7,b7 secure ! be/ value = ! flood insurance program4 4 #ajb4 ,exp&$ flood insurance p>ticipation /udy 7a7 ,9 g5]al ,! ,adm9i/rator1 9 coord9ation ) ! ,national ,association ( ,insurance ,commission]s1 %all conduct a /udy t proposes to address1 ?r\gh programmatic & regulatory *anges1 h[ to increase p>ticipation 9 flood insurance cov]age1 includ+ flood insurance pur*as$ "u ! ,national ,flood ,insurance ,program & private flood insurance4 7b7 ,options ,9 conduct+ ! /udy "u subsection 7a71 ! ,adm9i/rator %all consid] ! foll[+ options3 7#a7 ,exp&+ p>ticipation 9 flood insurance cov]age1 beyond areas hav+ special flood haz>ds1 to areas ( mod]ate or m9imal flood haz>d risk4 7#b7 ,automatically enroll+ consum]s 9 flood insurance :ile provid+ consum]s ! opportunity to decl9e enrollm5t4 7#c7 ,bundl$ flood insurance cov]age t div]sifies risk across all or multiple-p]il =ms4 7c7 ,report ,n lat] ?an #ah mon?s aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all submit a report on ! /udy conduct$ "u subsection 7a7 to-- 7#a7 ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate2 7#b7 ! ,committee on ,appropriations ( ! ,s5ate2 7#c7 ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives2 & 7#d7 ! ,committee on ,appropriations ( ! ,h\se ( ,repres5tatives4 ,,ii ,enhanc+ ,flood ,insurance ,af=dability & ,accessibility #bja4 ,use ( premium sur*>ges ,*apt] ,i ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djaa et seq47 is am5d$-- 7#a7 9 section #acjh;,a 7#db ,u4,s4,c4 #djae;a7-- 7,a7 by r$esignat+ subsection 7c7 z subsection 7d72 7,b7 by ins]t+ aft] subsection 7b7 ! foll[+3 7c7 ,use ( sur*>ges ,! ,adm9i/rator %all use any sur*>ge impos$ & collect$ "u subsection 7a7 to help fund flood mitigation programs1 includ+ ! program e/abli%$ "u section #acff4 2 & 7,c7 9 subsection 7d71 z s r$esignat$1 by /rik+ ,subsections 7a7 & 7b7 & ins]t+ ,subsections 7a7 ?r\gh 7c72 & 7#b7 9 section #acaj;,a7c7 7#db ,u4,s4,c4 #djag;,a7c771 by /rik+ p>agraph 7#d74 #bjb4 ,disclosure ) respect to ! af=dability /&>d ,section #acjh7;j7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7;j77 is am5d$1 9 ! second s5t5ce1 by ins]t+ & %all include 9 ! report ! numb] ( ^? exceptions z ( ! date on :i* ! ,adm9i/rator submits ! report & ! location ( ea* policyhold] insur$ "u ^? exceptions1 organiz$ by c\nty & ,/ate aft] ( ! ,s5ate4 #bjc4 ,flood risk disclosure 7a7 ,9 g5]al ,n lat] ?an #b ye>s aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all promulgate regulations = ! disclosure ( flood risk haz>ds ) respect to any resid5tial or comm]cial prop]ty t is (f]$ = sale or lease4 7b7 ,requirem5ts ,! regulations promulgat$ "u subsection 7a7 %all require t1 be=e a pur*as] or lessee is obligat$ "u any contract to pur*ase or lease a prop]ty1 ! sell] or lessor1 z applicable1 %all-- 7#a7 provide ! pur*as] or lessee ) a flood risk in=mation pamphlet produc$ by ! ,adm9i/rator2 7#b7 disclose to ! pur*as] or lessee ! available flood risk pr(ile ( ! prop]ty1 includ+-- 7,a7 in=mation available to ! sell] or lessor reg>d+ any pa/-- 7i7 flood damage to ! prop]ty2 or 7ii7 claim = loss ) respect to ! prop]ty "u-- 7,i7 ! ,national ,flood ,insurance ,program2 or 7,,ii7 private flood insurance2 7,b7 in=mation kn[n to ! sell] or lessor reg>d+ any designation ( ! prop]ty z-- 7i7 a repetitive loss /ructure2 or 7ii7 a sev]e repetitive loss /ructure2 7,c7 any elevation c]tificate obta9$ ) respect to ! prop]ty t is available to ! sell] or lessor2 & 7,d7 any requirem5t t ! prop]ty be cov]$ by flood insurance because ! prop]ty own]1 on ! date on :i* ! prop]ty is sold or leas$1 or a previ\s own]1 obta9$ any =m ( disa/] assi/ance "u ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eaba et seq472 & 7#c7 e/abli% a #aj-;day p]iod 7or a p]iod ( a diff]5t l5g? ( "t if mutually agre$ ^u by ! p>ties7 dur+ :i* ! pur*as] or lessor may review options = manag+ or mitigat+ flood risk ) respect to ! prop]ty4 7c7 ,compliance assurance ,! regulations promulgat$ "u subsection 7a7 %all require t1 :5 a sell] or lessor has ent]$ into a contract ) an ag5t to sell or lease a unit ( t>get h\s+1 ! ag5t %all1 on behalf ( ! sell] or lessor1 ensure compliance ) ?is section4 #bjd4 ,increas$ co/ ( compliance 7a7 ,increase 9 limitation on liability ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all am5d ! ,/&>d ,flood ,insurance ,policy to-- 7#a7 increase ! limitation on liability relat+ to ,cov]age ,d--,increas$ ,co/ ( ,compliance f #cj1jjj to #ge1jjj2 & 7#b7 provide t #ej p]c5t ( ! am\nt describ$ 9 p>agraph 7#a7 %all be available to ! insur$ )\t reg>d to :e!r mak+ t am\nt available to ! insur$ w\ld exce$ ! ov]all policy limit ( ! insur$4 7b7 ,premiums2 cov]age limits ,section #acjd7;b7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djaa7;b77 is am5d$-- 7#a7 9 p>agraph 7#c71 by /rik+ compliance ) ! l& use & control measures4 & ins]t+ ! implem5tation ( su* measures2 &2 7#b7 9 p>agraph 7#d71 by r$esignat+ subp>agraphs 7,a7 ?r\gh 7,d7 z clauses 7i7 ?r\gh 7iv71 respectively1 & adju/+ ! m>g9s accord+ly2 7#c7 by r$esignat+ p>agraphs 7#a7 ?r\gh 7#d7 z subp>agraphs 7,a7 ?r\gh 7,d71 respectively1 & adju/+ ! m>g9s accord+ly2 7#d7 9 ! matt] prec$+ subp>agraph 7,a71 z s r$esignat$1 by /rik+ ,! national & ins]t+ ! foll[+3 7#a7 ,9 g5]al ,! national 2 & 7#e7 by /rik+ ! flu% text foll[+ p>agraph 7#a77;,d77iv71 z s r$esignat$1 & ins]t+ ! foll[+3 7#b7 ,premiums ,! ,adm9i/rator %all *>ge a premium on ea* insur$ ( n m ?an #ge p] policy to provide co/ ( compliance cov]age 9 accordance ) ! provisions ( ?is subsection4 7#c7 ,cov]age limits ,any am\nt ( cov]age t is provid$ "u ?is subsection ) respect to a prop]ty is 9 addition to1 & %all n be consid]$ = ! purposes (1 any limitation on cov]age t is applicable to ! prop]ty "u section #acjf7;b74 4 #bje4 ,prop]ty risk data ,*apt] ,i ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djaa et seq47 is am5d$ by add+ at ! end ! foll[+3 #acbf4 ,premium cr$it = submitt+ prop]ty risk data 7a7 ,9 g5]al ,subject to subsection 7b71 ! ,adm9i/rator may (f] a policyhold] "u ! national flood insurance program a premium cr$it ( n m ?an #ejj if ! policyhold] submits data & in=mation t is necess>y = ! ,adm9i/rator to det]m9e ! level ( risk ( flood ) respect to ! prop]ty cov]$ by ! policy z ( ! date on :i* ! policyhold] submits ! data & in=mation to ! ,adm9i/rator4 7b7 ,limitation ,! ,adm9i/rator may (f] a premium cr$it "u subsection 7a7 only once ) respect to any build+4 4 #bjf4 ,mitigation provisions 7a7 ,mitigation /rategies ,section #acfa7;d77#a7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #dajb7;d77#a77 is am5d$-- 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[+3 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$it ,section #acjh7k7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7k77 is am5d$-- 7#a7 by /rik+ %all take into acc\nt & ins]t+ 8%all-- 7#a7 take into acc\nt 2 7#b7 9 p>agraph 7#a71 z s designat$1 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7#c7 by add+ at ! end ! foll[+3 7#b7 (f] a r$uction ( ! risk premium rate *>g$ to a policyhold] 9 an am\nt t is n less ?an #aj p]c5t ( t rate if ! policyhold] implem5ts any mitigation me?od describ$ 9 p>agraph 7#a74 4 7c7 ,cov]age = coop]atives 7#a7 ,9 g5]al ,section #acjf ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djac7 is am5d$ by add+ at ! end ! foll[+3 7e7 ,coop]atives 7#a7 ,def9ition ,9 ?is subsection1 ! t]m coop]ative build+ has ! mean+ giv5 ! t]m 9 section #acab7;d74 7#b7 ,equal treatm5t ) condom9iums ,not)/&+ any o!r provision ( law1 an own] ( a %>e ( a coop]ative build+ %all be eligible to pur*ase flood insurance cov]age "u ! national flood insurance program on ! same t]ms z a condom9ium own]4 4 7#b7 ,paym5t ( claims ,section #acab ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djai7 is am5d$-- 7,a7 9 subsection 7c7-- 7i7 9 ! subsection head+1 by ins]t+ & coop]ative aft] condom9ium2 7ii7 by ins]t+ or own]s ( a %>e ( a coop]ative build+ aft] condom9ium own]s2 & 7iii7 by ins]t+ or coop]ative association aft] condom9ium association ea* place t t]m appe>s2 & 7,b7 by add+ at ! end ! foll[+3 7d7 ,def9itions ,9 ?is section1 ! t]ms coop]ative association & coop]ative build+ h ! mean+s giv5 ! t]ms by ! ,adm9i/rator4 4 #bjg4 ,home /ructure values 7a7 ,/udy & report 7#a7 ,/udy ,! ,adm9i/rator %all conduct a /udy1 ! purpose ( :i* %all be to-- 7,a7 evaluate be/ practices 9 ! insurance indu/ry = risk rat+ & classification1 includ+ practices t consid] replacem5t co/ value :5 e/imat+ premium rates2 & 7,b7 ) respect to ! e/imates made by ! ,adm9i/rator "u section #acjg7;a77#a7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djad7;a77#a771 z 9 effect on ! day be=e ! date ( enactm5t ( ?is ,act-- 7i7 assess options1 me?ods1 & /rategies = includ+ replacem5t co/ value 9 ! e/imates2 7ii7 id5tify recomm5dations = includ+ replacem5t co/ value 9 ! e/imates2 7iii7 id5tify an appropriate me?odology by :i* replacem5t co/ value c\ld be incorporat$ into ! e/imates2 & 7iv7 develop a feasible implem5tation plan & project$ timel9e = includ+ replacem5t co/ value 9 ! e/imates4 7#b7 ,report ,n lat] ?an #ah mon?s aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives a report t conta9s-- 7,a7 ! results ( ! /udy conduct$ "u p>agraph 7#a7 7ref]r$ to 9 ?is p>agraph z ! /udy72 7,b7 an analysis ( ! recomm5dations made by ! /udy & ! impacts t ^? recomm5dations w\ld h on ! ,national ,flood ,insurance ,program1 includ+ co/ consid]ations2 7,c7 a description ( actions tak5 by ! ,adm9i/rator to implem5t ! recomm5dations made by ! /udy2 7,d7 a li/ ( any recomm5dations made by ! /udy t1 z ( ! date on :i* ! ,adm9i/rator submits ! report1 ! ,adm9i/rator has def]r$ or ^u :i* ! ,adm9i/rator has n act$2 & 7,e7 an explanatory /atem5t ) respect to ea* recomm5dation describ$ 9 subp>agraph 7,d74 7b7 ,implem5tation 7#a7 ,9 g5]al ,section #acjg7;a77#a77;,a7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djad7;a77#a77;,a77 is am5d$-- 7,a7 9 clause 7i71 by /rik+ & at ! end2 7,b7 9 clause 7ii71 by /rik+ 1 & & ins]t+ 2 &2 & 7,c7 by add+ at ! end ! foll[+3 7iii7 ! replacem5t co/ value ( an insur$ /ructure :5 det]m9+ und]9surance load+ factors1 consi/5t ) ! requirem5ts ( section #acjh7;e7 & tak+ into acc\nt ! results ( ! /udy conduct$ "u section #bjf7;a77#a7 ( ! ,flood ,insurance ,af=dability & ,su/a9ability ,act ( #bjag2 & 4 7#b7 ,effective date ,! am5dm5ts made by p>agraph 7#a7 %all take effect on ! date t is #a ye> aft] ! date on :i* ! ,adm9i/rator submits ! report "u subsection 7a77#b74 #bjh4 ,af=dability v\*]s ,*apt] ,i ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djaa et seq471 z am5d$ by section #bje ( ?is ,act1 is fur!r am5d$ by add+ at ! end ! foll[+3 #acbg4 ,af=dability v\*]s 7a7 ,def9itions ,9 ?is section-- 7#a7 ! t]m area m$ian income means1 ) respect to an area1 ! area m$ian income = ! area1 z def9$ = ! applicable ye> by ! ,secret>y ( ,h\s+ & ,urban ,developm5t2 7#b7 ! t]m eligible h\sehold means an own]-occupi$ h\sehold-- 7,a7 t has a total h\sehold income t is less ?an #afe p]c5t ( ! area m$ian income = ! area 9 :i* ! h\sehold is locat$2 7,b7 = :i* ! co/ ( flood insurance premiums1 sur*>ges1 & fees 9 a ye> w\ld result 9 excess co/s = ! h\sehold = t ye>2 & 7,c7 t-- 7i7 r5ews an exi/+ flood insurance policy "u ! national flood insurance program = build+ cov]age = a prop]ty t is 9 an area hav+ special flood haz>ds2 or 7ii7 pur*ases a flood insurance policy "u ! national flood insurance program = build+ cov]age = an exi/+ /ructure t 0 own$ & occupi$ by ! h\sehold be=e ! date on :i* ! build+ 0 det]m9$ to be locat$ 9 an area hav+ special flood haz>ds due to a revision (1 or an update to1 a floodpla9 area or flood risk zone t is id5tifi$1 del9eat$1 or e/abli%$ by ! ,adm9i/rator2 7#c7 ! t]m excess co/s means-- 7,a7 = a h\sehold t has a total h\sehold income t is great] ?an #hj p]c5t ( ! area m$ian income = ! area 9 :i* ! h\sehold is locat$1 ! am\nt by :i*-- 7i7 ! sum (-- 7,i7 ! total am\nt ( premiums1 sur*>ges1 & fees paid by a h\sehold 9 a ye> ) respect to a flood insurance policy provid$ "u ?is title2 & 7,,ii7 ! h\s+ exp5ses incurr$ by ! h\sehold 9 t ye>2 exce$s 7ii7 #dj p]c5t ( ! total h\sehold income = ! h\sehold 9 t ye>2 & 7,b7 = a h\sehold t has a total h\sehold income t is n great] ?an #hj p]c5t ( ! area m$ian income = ! area 9 :i* ! h\sehold is locat$1 ! am\nt by :i* ! flood insurance premiums1 sur*>ges1 & fees = a flood insurance policy provid$ "u ?is title 9 a ye> = ! h\sehold exce$s #a p]c5t ( ! cov]age limit ( t flood insurance policy "u section #acjf7;b72 & 7#d7 ! t]m h\s+ exp5ses means1 ) respect to a h\sehold1 ! total am\nt t ! h\sehold sp5ds 9 a ye> on-- 7,a7 mortgage paym5ts2 7,b7 prop]ty taxes2 & 7,c7 home[n]s insurance4 7b7 ,v\*]s ,! ,adm9i/rator %all1 :5 ! ,adm9i/rator det]m9es appropriate1 provide a v\*] to an eligible h\sehold 9 accordance ) subsection 7c7 to use t[>d ! paym5t ( flood insurance premiums1 sur*>ges1 & fees incurr$ by ! h\sehold 9 ! ye> = :i* ! v\*] is provid$4 7c7 ,calculation 7#a7 ,9 g5]al ,subject to p>agraph 7#b71 ! ,adm9i/rator %all provide a v\*] to an eligible h\sehold z foll[s3 7,a7 ,an eligible h\sehold t has a total h\sehold income t is n great] ?an #hj p]c5t ( area m$ian income %all receive a v\*] 9 an am\nt t is equal to #ajj p]c5t ( ! excess co/s incurr$ by ! h\sehold = ! ye> prec$+ ! ye> 9 :i* ! eligible h\sehold receives ! v\*]4 7,b7 ,an eligible h\sehold t has a total h\sehold income t is great] ?an #hj p]c5t ( area m$ian income & n great] ?an #abj p]c5t ( area m$ian income %all receive a v\*] 9 an am\nt t is equal to #hj p]c5t ( ! excess co/s incurr$ by ! h\sehold = ! ye> prec$+ ! ye> 9 :i* ! eligible h\sehold receives ! v\*]4 7,c7 ,an eligible h\sehold t has a total h\sehold income t is great] ?an #abj p]c5t ( area m$ian income & less ?an #afe p]c5t ( area m$ian income %all receive a v\*] 9 an am\nt t is equal to #fj p]c5t ( ! excess co/s = ! ye> prec$+ ! ye> 9 :i* ! eligible h\sehold receives ! v\*]4 7#b7 ,limitation ,! ,adm9i/rator may n provide a v\*] to an eligible h\sehold 9 an am\nt t is m ?an ! total am\nt t ! eligible h\sehold paid 9 premiums1 sur*>ges1 & fees = a flood insurance policy provid$ "u ?is title dur+ ! ye> prec$+ ! ye> 9 :i* ! v\*] is provid$4 4 #bji4 ,cov]age limits 7a7 ,9 g5]al ,section #acjf ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djac7 is am5d$-- 7#a7 9 subsection 7b7-- 7,a7 9 ! matt] prec$+ p>agraph 7#a71 by /rik+ ,9 addition to any o!r t]ms & conditions "u subsection 7a71 su* regulations & ins]t+ ,! ,adm9i/rator2 7,b7 9 p>agraph 7#b7-- 7i7 by /rik+ %all be made & ins]t+ may be made2 & 7ii7 by /rik+ #bej1jjj & ins]t+ ! basel9e am\nt2 7,c7 9 p>agraph 7#c7-- 7i7 by /rik+ %all be made & ins]t+ may be made2 & 7ii7 by /rik+ #ajj1jjj & ins]t+ #ej p]c5t ( ! basel9e am\nt2 & 7,d7 9 p>agraph 7#d7-- 7i7 by /rik+ %all be made ea* place t t]m appe>s & ins]t+ may be made2 & 7ii7 by /rik+ #ejj1jjj ea* place t t]m appe>s & ins]t+ #bjj p]c5t ( ! basel9e am\nt2 & 7#b7 by add+ at ! end ! foll[+3 7e7 ,def9ition 7#a7 ,9 g5]al ,subject to p>agraph 7#b71 9 ?is section1 ! t]m basel9e am\nt1 ) respect to a prop]ty1 means ! maximum orig9al pr9cipal obligation ( a conv5tional mortgage t may be pur*as$ by ! ,f$]al ,national ,mortgage ,association 9 ! area 9 :i* ! prop]ty z locat$1 z e/abli%$ "u section #cjb7;b77#b7 ( ! ,f$]al ,national ,mortgage ,association ,*>t] ,act 7#ab ,u4,s4,c4 #agag7;b77#b774 7#b7 ,cl>ification ,if1 aft] ! date ( enactm5t ( ?is subsection1 ! basel9e am\nt1 z def9$ 9 p>agraph 7#a71 decreases z comp>$ ) ! basel9e am\nt 9 effect on ! day be=e ! date ( enactm5t ( ?is subsection1 ! basel9e am\nt t 0 9 effect on ! day be=e ! date ( enactm5t ( ?is subsection %all be deem$ to be ! basel9e am\nt = ! purposes ( p>agraphs 7#b71 7#c71 & 7#d7 ( subsection 7b74 4 7b7 ,au?ority ( ,adm9i/rator ,to sell policies ,! ,adm9i/rator may sell a policy = flood insurance "u ! ,national ,flood ,insurance ,program t meets ! requirem5ts ( p>agraphs 7#b71 7#c71 & 7#d7 ( section #acjf7;b7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djac7;b771 z am5d$ by subsection 7a71 )\t reg>d to-- 7#a7 section #fa4f ( title #dd1 ,code ( ,f$]al ,regulations1 z 9 effect on ! day be=e ! date ( enactm5t ( ?is ,act2 or 7#b7 any o!r provision ( law4 #baj4 ,mon?ly in/allm5t paym5t ( premiums ,section #acjh7;g7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7;g77 is am5d$-- 7#a7 by /rik+ ,) respect to & ins]t+ ! foll[+3 7#a7 ,annual or mon?ly option ,subject to p>agraph 7#b71 ) respect to 2 & 7#b7 by add+ at ! end ! foll[+3 7#b7 ,mon?ly in/allm5t ,) respect to a policyhold] t opts "u p>agraph 7#a7 to pay premiums on a mon?ly basis1 ! ,adm9i/rator may *>ge ! policyhold] an annual fee ( n m ?an #ae4 7#c7 ,exemption f rule mak+2 pilot program ,dur+ ! p]iod beg9n+ on ! date ( enactm5t ( ?is p>agraph & end+ on ! date on :i* ! ,adm9i/rator promulgates regulations c>ry+ out p>agraph 7#a71 ! ,adm9i/rator may1 not)/&+ any o!r provision ( law-- 7,a7 adopt policies & proc$ures to c>ry out t p>agraph )\t-- 7i7 und]go+ notice & comm5t rule mak+ "u section #eec ( title #e1 ,unit$ ,/ates ,code2 or 7ii7 conduct+ regulatory analyses o!rwise requir$ by /atute1 regulation1 or ,executive ord]2 or 7,b7 c>ry out t p>agraph by e/abli%+ a pilot program t gradually implem5ts ! requirem5ts ( t p>agraph4 4 ,,iii ,agre$ ,value ,pilot ,program #cja4 ,%ort title ,?is title may be cit$ z ! ,agre$ ,value ,flood ,protection ,program ,act ( #bjag4 #cjb4 ,def9itions ,9 ?is title-- 7#a7 ! t]m agre$ value flood protection policy means a flood protection policy provid+ t1 if a flood occurs1 ! ,national ,flood ,insurance ,program w make paym5ts accord+ to agre$ s*$ules ( paym5ts det]m9$ by flood height 9 cov]$ /ructures p>ticipat+ 9 ! ,program2 7#b7 ! t]m cata/rophic loss ye> means a ye> 9 :i* ! comb9$ ratio is n less ?an #acj p]c5t2 7#c7 ! t]m comb9$ ratio means ! quoti5t obta9$ :5 ! sum obta9$ by add+ ! losses paid "u ! ,national ,flood ,insurance ,program 9 a ye> & ! exp5ses ( ! ,national ,flood ,insurance ,program 9 t ye> is divid$ by ! total am\nt ( premiums collect$ "u ! ,national ,flood ,insurance ,program 9 t ye>2 7#d7 ! t]m cov]$ ag5t means any insurance ag5t1 produc]1 or int]m$i>y lic5s$ by a ,/ate2 7#e7 ! t]m cov]$ /ructure means real prop]ty eligible = flood insurance cov]age "u ! ,national ,flood ,insurance ,program2 7#f7 ! t]m eligible p>ticipant means a p]son t has demon/rat$ own]%ip ( a cov]$ /ructure2 7#g7 ! t]m flood height means ! di/ance betwe5 ! l[e/ adjac5t grade & ! high wat] m>k ( a flood on ! fir/ floor ( a cov]$ /ructure1 z measur$ or z det]m9$ by o!r appropriate me?ods2 7#h7 ! t]m ,program means ! ,agre$ ,value ,flood ,protection ,program e/abli%$ "u section #cjc7;a72 & 7#i7 ! t]m ,res]ve ,fund means ! ,agre$ ,value ,flood ,protection ,program ,res]ve ,fund e/abli%$ "u section #cje7;a74 #cjc4 ,agre$ ,value ,flood ,protection ,pilot ,program 7a7 ,9 g5]al ,! ,adm9i/rator may e/abli% & c>ry out an optional ,agre$ ,value ,flood ,protection ,pilot ,program = ! #h-ye> p]iod beg9n+ on ! date ( enactm5t ( ?is ,act1 or dur+ ! p]iod beg9n+ on ! date ( enactm5t ( ?is ,act & end+ on ! date on :i* au?orization = ! ,national ,flood ,insurance ,program expires1 :i*ev] is %ort]1 "u :i*-- 7#a7 an eligible p>ticipant may pur*ase an agre$ value flood protection policy to protect aga9/ losses result+ f physical damage to1 or loss (1 a cov]$ /ructure1 includ+ any p]sonal prop]ty relat$ !reto1 own$ by ! eligible p>ticipant aris+ f a flood occurr+ 9 ! ,unit$ ,/ates dur+ ! p]iod = :i* ! policy is 9 =ce2 7#b7 a cov]$ ag5t may issue an agre$ value flood protection policy to an eligible p>ticipant2 & 7#c7 an eligible p>ticipant may n be d5i$ ! opportunity to pur*ase an agre$ value flood protection policy solely on ! basis ( ! geographic location ( ! eligible p>ticipant4 7b7 ,eligibility ,9 ord] to pur*ase an agre$ value flood protection policy1 an eligible p>ticipant %all demon/rate t ! value ( ! cov]$ /ructure to be cov]$ "u ! policy1 includ+ any cont5ts )9 ! cov]$ /ructure1 is n less ?an ! cov]age am\nt ( ! policy4 7c7 ,issuance 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#b71 any cov]$ ag5t may issue an agre$ value flood protection policy to an eligible p>ticipant "u ! ,program4 7#b7 ,exception ,a cov]$ ag5t may n issue a policy "u p>agraph 7#a7 if ! /ructure ) respect to :i* ! policy w\ld apply is insur$ "u ! ,national ,flood ,insurance ,program4 7d7 ,bro*ure 7#a7 ,9 g5]al ,! ,adm9i/rator %all publi% a bro*ure t comp>es ! premium rates *>g$ "u ! ,national ,flood ,insurance ,program ) ! premium rates *>g$ "u ! ,program4 7#b7 ,cov]$ ag5ts 7,a7 ,9 g5]al ,a cov]$ ag5t %all expla9 to an eligible p>ticipant ! risks associat$ ) an agre$ value flood protection policy be=e ! eligible p>ticipant pur*ases a policy4 7,b7 ,deliv]y ,if a cov]$ ag5t deliv]s ! bro*ure publi%$ "u p>agraph 7#a7 to an eligible p>ticipant be=e ! eligible p>ticipant pur*ases an agre$ value flood protection policy1 ! deliv]y %all con/itute prima facie evid5ce t ! cov]$ ag5t has satisfi$ ! requirem5t "u subp>agraph 7,a74 7e7 ,report ,n lat] ?an #a ye> aft] ! date on :i* ! ,program ends1 ! ,adm9i/rator %all submit to ,congress a report-- 7#a7 conta9+ data t 0 collect$ dur+ ! adm9i/ration ( ! ,program relat+ to und]9surance factors1 claims /ati/ics1 claims disputes 7includ+ h[ su* disputes 7 adjudicat$71 & actu>ial rate reviews2 & 7#b7 t comp>es premium rates *>g$ "u ! ,program ) comp>able premium rates *>g$ "u ! /&>d flood insurance policy1 controll+ = comp>able risk factors4 #cjd4 ,use ( agre$ value flood protection to satisfy requirem5t to pur*ase flood insurance to receive a mortgage loan ,an agre$ value flood protection policy %all satisfy ! m&atory pur*ase requirem5t4 #cje4 ,agre$ ,value ,flood ,protection ,program ,res]ve ,fund 7a7 ,e/abli%m5t ( an agre$ value flood protection res]ve fund ,9 c>ry+ out ! ,program1 ! ,adm9i/rator %all e/abli% 9 ! ,treasury ( ! ,unit$ ,/ates an ,agre$ ,value ,flood ,protection ,program ,res]ve ,fund1 :i* %all be-- 7#a7 sep>ate f any o!r acc\nts or funds available to ! ,adm9i/rator2 & 7#b7 available = meet+ ! expect$ future obligations ( ! ,program1 includ+-- 7,a7 ! paym5t ( claims dur+ cata/rophic loss ye>s2 & 7,b7 ! repaym5t ( am\nts out/&+ "u any note or o!r obligation issu$ by ! ,adm9i/rator "u section #acji7;a7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djaf7;a774 7b7 ,res]ve ratio ,subject to ! phase-9 requirem5ts "u subsection 7d71 ! ,res]ve ,fund %all ma9ta9 a balance t1 toge!r ) any risk f9anc+ cov]+ ! ,program1 is an am\nt t is equal to-- 7#a7 #a4e p]c5t ( ! sum ( ! total pot5tial loss exposure ( all out/&+ agre$ value flood protection policies 9 =ce dur+ ! prior fiscal ye>2 or 7#b7 a high] p]c5tage ( ! sum describ$ 9 p>agraph 7#a7 t ! ,adm9i/rator det]m9es to be appropriate1 tak+ into consid]ation any circum/ance t may raise a significant risk ( sub/antial future losses to ! ,res]ve ,fund4 7c7 ,ma9t5ance ( res]ve ratio 7#a7 ,9 g5]al ,! ,adm9i/rator may e/abli%1 increase1 or decrease ! am\nt ( aggregate annual policy *>ges to be collect$ = any fiscal ye> t are necess>y 9 ord] to-- 7,a7 ma9ta9 ! am\nt requir$ "u subsection 7b72 & 7,b7 if ! balance ( ! ,res]ve ,fund is an am\nt t is less ?an ! am\nt requir$ "u subsection 7b71 obta9 ! am\nt requir$ "u subsection 7b74 7#b7 ,consid]ations ,9 ex]cis+ ! au?ority "u p>agraph 7#a71 ! ,adm9i/rator %all consid]-- 7,a7 ! expect$ op]at+ exp5ses ( ! ,res]ve ,fund2 7,b7 ! cov]$ loss exp5ditures "u ! ,program2 7,c7 any inve/m5t income g5]at$ "u ! ,program2 & 7,d7 any o!r factor t ! ,adm9i/rator det]m9es appropriate4 7#c7 ,limitation ,not)/&+ any o!r provision ( law or any agreem5t ent]$ into by ! ,adm9i/rator1 ! ,adm9i/rator %all ensure t all am\nts attributable to ! e/abli%m5t or increase ( annual policy *>ges "u p>agraph 7#a7 are transf]r$ to ! ,adm9i/rator = deposit into ! ,res]ve ,fund to be available = meet+ ! expect$ future obligations ( ! ,program1 z describ$ 9 subsection 7a77#b74 7d7 ,phase-,9 requirem5ts ,! phase-9 requirem5ts "u ?is subsection are z foll[s3 7#a7 ,9 g5]al ,beg9n+ 9 fiscal ye> #bjah1 & 9 ea* successive fiscal ye> !reaft] until ! am\nt requir$ "u subsection 7b7 is obta9$1 ! ,adm9i/rator %all deposit 9 ! ,res]ve ,fund an am\nt t is n less ?an #aj p]c5t ( ! am\nt requir$ "u subsection 7b74 7#b7 ,am\nt satisfi$ ,except z provid$ 9 p>agraph 7#c71 beg9n+ on ! date on :i* ! am\nt requir$ "u subsection 7b7 is obta9$1 ! ,adm9i/rator %all n be requir$ to set aside any am\nts = ! ,res]ve ,fund4 7#c7 ,exception ,if1 at any "t dur+ any fiscal ye> aft] ! am\nt requir$ "u subsection 7b7 is obta9$1 ! am\nt 9 ! ,res]ve ,fund is less ?an ! am\nt requir$ "u subsection 7b71 ! ,adm9i/rator %all deposit 9 ! ,res]ve ,fund dur+ t fiscal ye> an am\nt t is n less ?an ! less] (-- 7,a7 ! diff]5ce betwe5 ! am\nt requir$ "u subsection 7b7 & ! am\nt 9 ! ,res]ve ,fund2 or 7,b7 #aj p]c5t ( ! am\nt requir$ "u subsection 7b74 7e7 ,limitation on res]ve ratio ,if1 9 any fiscal ye>1 ! ,adm9i/rator det]m9es t ! am\nt requir$ "u subsection 7b7 _c be obta9$1 ! ,adm9i/rator %all submit to ,congress a report t-- 7#a7 describes & details ! specific conc]ns ( ! ,adm9i/rator reg>d+ ! consequ5ces ( t am\nt n be+ obta9$2 7#b7 demon/rates h[ ! consequ5ces describ$ 9 p>agraph 7#a7 w\ld h>m ! long-t]m f9ancial s\ndness ( ! ,program2 & 7#c7 indicates ! maximum atta9able am\nt = t fiscal ye>4 7f7 ,inve/m5t ,! ,secret>y ( ! ,treasury %all inve/ su* am\nts ( ! ,res]ve ,fund z ! ,secret>y det]m9es advisable 9 obligations issu$ or gu>ante$ by ! ,unit$ ,/ates4 #cjf4 ,rule ( con/ruction ,no?+ 9 ?is title may be con/ru$ to-- 7#a7 limit ! ,national ,flood ,insurance ,program1 includ+ ! ability ( a p]son to pur*ase flood insurance "u ! ,national ,flood ,insurance ,program to satisfy ! m&atory pur*ase requirem5t2 or 7#b7 require a p]son to p>ticipate 9 ! ,program4 ,,iv ,provid+ private m>ket access1 acc\ntability1 & competition #dja4 ,use ( private flood insurance to satisfy m&atory pur*ase requirem5t 7a7 ,9 g5]al 7#a7 ,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 7#a7 ,9 g5]al ,subject to p>agraph 7#b71 on & aft] ! date t is #fj days aft] ! date ( enactm5t ( ?is ,act1 no ,f$]al (fic] or ag5cy may approve any f9ancial assi/ance = acquisition or con/ruction purposes = use 9 any area t has be5 id5tifi$ 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 ( #aifh 7#db ,u4,s4,c4 #djja et seq471 unless ! build+ or mobile home & any p]sonal prop]ty to :i* ! f9ancial assi/ance relates is cov]$ by flood insurance4 7#b7 ,am\nt & t]m 7,a7 ,am\nt g5]ally ,! am\nt ( flood insurance requir$ "u p>agraph 7#a7-- 7i7 9 ! case ( ,f$]al flood insurance1 %all be n less ?an ! less] (-- 7,i7 #hj p]c5t ( ! pur*ase price ( ! prop]ty2 7,,ii7 ! developm5t or project co/ ( ! build+1 mobile home1 or p]sonal prop]ty 7less e/imat$ l& co/72 7,,iii7 ! maximum limit ( ,f$]al flood insurance cov]age made available ) respect to ! p>ticul> type ( prop]ty2 or 7,,iv7 = multi-unit /ructures only1 ! out/&+ pr9cipal balance ( ! loan2 or 7ii7 9 ! case ( private flood insurance1 %all be n less ?an ! less] (-- 7,i7 #hj p]c5t ( ! pur*ase price ( ! prop]ty2 7,,ii7 ! developm5t or project co/ ( ! build+1 mobile home1 or p]sonal prop]ty 7less e/imat$ l& co/72 7,,iii7 ! maximum limit ( ,f$]al flood insurance cov]age made available ) respect to ! p>ticul> type ( prop]ty2 or 7,,iv7 = multi-unit /ructures only1 ! out/&+ pr9cipal balance ( ! loan4 7,b7 ,loans & insur$ & gu>ante$ loans ,if ! f9ancial assi/ance describ$ 9 p>agraph 7#a7 is 9 ! =m ( a loan or an insurance or gu>anty ( a loan1 flood insurance ne$ n be requir$ beyond ! t]m ( ! loan4 7,c7 ,t]m g5]ally ,! requirem5t ( ma9ta9+ flood insurance "u p>agraph 7#a7 %all apply dur+ ! life ( ! prop]ty1 reg>dless ( transf] ( own]%ip ( ! prop]ty4 4 7,b7 ,mortgage loans ,section #ajb7;b7 ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djab;a7b77 is am5d$-- 7i7 by /rik+ p>agraphs 7#a7 ?r\gh 7#e7 & ins]t+ ! foll[+3 7#a7 ,regulat$ l5d+ in/itutions 7,a7 ,9 g5]al ,ea* ,f$]al entity = l5d+ regulation 7aft] consultation & coord9ation ) ! ,f9ancial ,in/itutions ,exam9ation ,c\ncil e/abli%$ "u section #ajjd ( ! ,f$]al ,f9ancial ,in/itutions ,exam9ation ,c\ncil ,act ( #aigd 7#ab ,u4,s4,c4 #ccjc77 %all by regulation direct regulat$ 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 ( #aifh 7#db ,u4,s4,c4 #djja et seq471 unless ! build+ or mobile home & any p]sonal prop]ty secur+ ! loan is cov]$ = ! t]m ( ! loan by flood insurance 9 an am\nt describ$ 9 subp>agraph 7,b74 7,b7 ,am\nt ,! am\nt ( flood insurance requir$ "u subp>agraph 7,a7-- 7i7 9 ! case ( ,f$]al flood insurance1 %all be n less ?an ! less] (-- 7,i7 #hj p]c5t ( ! pur*ase price ( ! prop]ty2 7,,ii7 ! maximum limit ( ,f$]al flood insurance cov]age made available ) respect to ! p>ticul> type ( prop]ty2 or 7,,iii7 = multi-unit /ructures only1 ! out/&+ pr9cipal balance ( ! loan2 or 7ii7 9 ! case ( private flood insurance1 %all be n less ?an ! less] (-- 7,i7 #hj p]c5t ( ! pur*ase price ( ! prop]ty2 7,,ii7 ! maximum limit ( ,f$]al flood insurance cov]age made available ) respect to ! p>ticul> type ( prop]ty2 or 7,,iii7 = multi-unit /ructures only1 ! out/&+ pr9cipal balance ( ! loan4 7#b7 ,f$]al ag5cy l5d]s 7,a7 ,9 g5]al 7i7 ,insurance requir$ ,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 ( #aifh 7#db ,u4,s4,c4 #djja et seq471 unless ! build+ or mobile home & any p]sonal prop]ty secur+ ! loan is cov]$ = ! t]m ( ! loan by flood insurance 9 accordance ) p>agraph 7#a74 7ii7 ,regulations 7,i7 ,9 g5]al ,ea* ,f$]al ag5cy l5d] may issue any regulations necess>y to c>ry out ?is p>agraph4 7,,ii7 ,consi/5cy ,any regulations issu$ "u subclause 7,i7 %all be consi/5t ) & sub/antially id5tical to any regulations issu$ "u p>agraph 7#a74 7,b7 ,requirem5t to accept flood insurance ,ea* ,f$]al ag5cy l5d] %all accept flood insurance z satisfaction ( ! flood insurance cov]age requirem5t "u subp>agraph 7,a77i7 if ! flood insurance cov]age meets ! requirem5ts = cov]age "u t subp>agraph4 7#c7 ,gov]nm5t-sponsor$ ent]prises = h\s+ 7,a7 ,implem5tation ( proc$ures 7i7 ,requirem5t ,! ,f$]al ,national ,mortgage ,association & ! ,f$]al ,home ,loan ,mortgage ,corporation %all implem5t proc$ures reasonably design$ to ensure t1 = any loan describ$ 9 clause 7ii7 t is 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#a77;,b74 7ii7 ,secur$ loan ,a loan describ$ 9 ?is clause is a loan secur$ by improv$ real e/ate or a mobile home locat$ 9 an area-- 7,i7 t has be5 id5tifi$1 at ! "t ( ! orig9ation ( ! loan or at any "t dur+ ! t]m ( ! loan1 by ! ,adm9i/rator z an area hav+ special flood haz>ds2 & 7,,ii7 9 :i* flood insurance is made available "u ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djja et seq474 7,b7 ,acceptable insurance ,subject to subp>agraph 7,c71 ! ,f$]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 & any requirem5ts e/abli%$ by ! ,f$]al ,national ,mortgage ,association or ! ,f$]al ,home ,loan ,corporation1 respectively1 relat+ to ! f9ancial /r5g? ( private insurance companies f :i* ! ,f$]al ,national ,mortgage ,association or ! ,f$]al ,home ,loan ,mortgage ,corporation w accept private flood insurance4 7,c7 ,relation to ,/ate law ,a requirem5t describ$ 9 subp>agraph 7,b7 may n affect or conflict ) any ,/ate law1 regulation1 or proc$ure conc]n+ ! regulation ( ! bus9ess ( insurance4 7#d7 ,applicability 7,a7 ,exi/+ cov]age ,except z provid$ 9 subp>agraph 7,b71 p>agraph 7#a7 %all apply on ! date ( enactm5t ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 #dgja et seq474 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 ( #aiid 7#ab ,u4,s4,c4 #dgja et seq474 ,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$iately be=e ! date ( enactm5t ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 #dgja et seq471 %all cont9ue to apply until ! regulations issu$ to c>ry out p>agraph 7#a71 z am5d$ by section #ebb7;a7 ( su* ,act1 take effect4 7#e7 ,rule ( con/ruction 7,a7 ,9 g5]al ,subject to subp>agraph 7,b71 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 ! ,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 insurance4 7,b7 ,relation to ,/ate law ,a requirem5t describ$ 9 subp>agraph 7,a7 may n affect or conflict ) any ,/ate law1 regulation1 or proc$ure conc]n+ ! regulation ( ! bus9ess ( insurance4 2 & 7ii7 by /rik+ p>agraph 7#g7 & ins]t+ ! foll[+3 7#g7 ,def9itions ,9 ?is section3 7,a7 ,f$]al flood insurance ,! t]m ,f$]al flood insurance means an insurance policy made available "u ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djja et seq474 7,b7 ,flood insurance ,! t]m flood insurance means-- 7i7 ,f$]al flood insurance2 & 7ii7 private flood insurance4 7,c7 ,private flood insurance ,! t]m private flood insurance means an insurance policy t-- 7i7 is issu$ by an insurance company t is-- 7,i7 lic5s$1 admitt$1 or o!rwise approv$ to engage 9 ! bus9ess ( insurance 9 ! ,/ate 9 :i* ! insur$ build+ is locat$1 by ! insurance regulator ( t ,/ate2 or 7,,ii7 eligible z a nonadmitt$ insur] to provide insurance 9 ! home ,/ate ( ! insur$1 9 accordance ) sections #eba ?r\gh #ebg ( ! ,nonadmitt$ & ,re9surance ,re=m ,act ( #bjaj 7#ae ,u4,s4,c4 #hbja ?r\gh #hbjf72 7ii7 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$2 & 7iii7 provides flood insurance cov]age t complies ) ! laws & regulations ( t ,/ate4 7,d7 ,/ate ,! t]m ,/ate means any ,/ate ( ! ,unit$ ,/ates1 ! ,di/rict ( ,columbia1 ! ,commonweal? ( ,pu]to ,rico1 ,guam1 ! ,nor!rn ,m>iana ,isl&s1 ! ,virg9 ,isl&s1 & ,am]ican ,samoa4 4 7#b7 ,effect ( private flood insurance cov]age on cont9u\s cov]age requirem5ts ,section #acjh ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae7 is am5d$ by add+ at ! end ! foll[+3 7n7 ,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 to be a p]iod ( cont9u\s cov]age4 4 7b7 ,report on level ( p]ceiv$ adv]se selection ,n lat] ?an #b ye>s aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all submit to ,congress a report on ! ext5t to :i*1 ( ! prop]ties t are requir$ to satisfy ! m&atory pur*ase requirem5t1 ! prop]ties = :i* private flood insurance is pur*as$ t5d to be at a l[] risk ( flood+ ?an ! prop]ties = :i* ,f$]al flood insurance is pur*as$ 7commonly ref]r$ to z adv]se selection71 by detail+ risk classifications ( private flood insurance policies4 #djb4 ,provision ( private flood insurance by write y\r own companies 7a7 ,tempor>y au?ority = provision ( private flood insurance by ,write ,y\r ,own companies = c]ta9 prop]ties ,dur+ ! fir/ #b ye>s beg9n+ aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator may n prohibit a ,write ,y\r ,own company f (f]+ or sell+ private flood insurance outside ( ! ,write ,y\r ,own ,program = prop]ties t are describ$ 9 subp>agraphs 7,a7 ?r\gh 7,d7 ( section #acjg7;a77#b7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djad7;a77#b774 7b7 ,au?ority = exp&$ provision ( private flood insurance by ,write ,y\r ,own companies ,on & aft] ,janu>y #a ( ! ?ird ye> beg9n+ aft] ! date ( enactm5t ( ?is ,act1 if ! ,adm9i/rator det]m9es1 bas$ on ! report requir$ "u subsection 7d77#a7 & any o!r indep5d5t data available1 t ! provision ( private flood insurance by a ,write ,y\r ,own company-- 7#a7 to prop]ties 9 addition to ! prop]ties describ$ 9 subsection 7a7 w n adv]sely impact ! ability ( ! ,national ,flood ,insurance ,program to ma9ta9 a div]se risk pool1 ! ,adm9i/rator may waive any rema9+ re/riction1 "u a ,f$]al /atute or regulation1 on ! ability ( a ,write ,y\r ,own company to (f] or sell private flood insurance outside ! ,write ,y\r ,own ,program1 if ! ,adm9i/rator promulgates regulations to ensure a div]se risk pool = ,write ,y\r ,own companies t are compet+ ) ! ,national ,flood ,insurance ,program2 or 7#b7 is a det]r5t to ! ,national ,flood ,insurance ,program ma9ta9+ a div]se risk pool ( policies1 ! ,adm9i/rator may place fur!r re/rictions on ! ability ( a ,write ,y\r ,own company to (f] or sell private flood insurance4 7c7 ,,wyo ,arrangem5t ,! ,adm9i/rator %all am5d article ,,xiii ( ! ,,wyo ,company ,f9ancial ,assi/ance_/,subsidy ,arrangem5t z necess>y to implem5t subsections 7a7 & 7b74 7d7 ,reports 7#a7 ,initial report ,n lat] ?an ! la/ day ( ! #b-ye> p]iod describ$ 9 subsection 7a71 ! ,adm9i/rator %all submit to ,congress a report detail+ ! risk classifications ( prop]ties = :i* private flood insurance 0 sold & und]writt5 by ,write ,y\r ,own companies dur+ t #b-ye> p]iod4 7#b7 ,additional report ,n lat] ?an #e ye>s aft] ! date on :i* ! report is requir$ to be submitt$ "u p>agraph 7#a71 ! ,adm9i/rator %all submit to ,congress a report detail+ ! risk classifications ( prop]ties = :i* private flood insurance 0 sold & und]writt5 by ,write ,y\r ,own companies dur+ t #e-ye> p]iod4 #djc4 ,availability ( ,,nfip claims data 7a7 ,/udy requir$ 7#a7 ,9 g5]al ,! ,adm9i/rator %all /udy ! feasibility ( sell+ or lic5s+ ! use ( hi/orical /ructure-specific ,national ,flood ,insurance ,program claims data 7ref]r$ to 9 ?is section z cov]$ claims data7 to nongov]nm5tal entities4 7#b7 ,cont5ts ,9 conduct+ ! /udy requir$ "u p>agraph 7#a71 ! ,adm9i/rator %all1 at a m9imum-- 7,a7 inve/igate "o or m me?ods ( provid+ ! mo/ specific cov]$ claims data possible :ile reasonably protect+ policyhold] privacy2 7,b7 review exi/+ means1 z ( ! date ( enactm5t ( ?is ,act1 by :i* ! ,f$]al ,gov]nm5t provides leases or lic5ses to private p]sons1 & ! v>i\s regulations1 t]ms1 conditions1 & guidance employ$2 7,c7 id5tify pot5tial uses = cov]$ claims data1 any kn[n risks conc]n+ ^? uses1 & ways to mitigate or elim9ate ! risks2 7,d7 id5tify me*anisms = det]m9+ ! likely m>ket value = access to cov]$ claims data2 & 7,e7 recomm5d actions ! ,adm9i/rator c\ld take1 if any1 to prev5t un9t5d$ consequ5ces associat$ ) ! sale or lic5s+ = private insurance purposes cov]$ claims data4 7b7 ,report by ,adm9i/rator 7#a7 ,report requir$ ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives a report t conta9s ! results & conclusions ( ! /udy conduct$ "u subsection 7a7 7ref]r$ to 9 ?is subsection z ! /udy74 7#b7 ,cont5ts ,! report submitt$ "u p>agraph 7#a7 %all include-- 7,a7 an analysis (-- 7i7 ! recomm5dations ( ! /udy2 & 7ii7 ! pot5tial = cov]$ claims data to increase ! numb] ( individuals insur$ aga9/ ! p]il ( flood1 to r$uce ! am\nt ( debt ! ,national ,flood ,insurance ,program is requir$ to s]vice1 or bo?2 7,b7 a description ( actions tak5 by ! ,adm9i/rator to implem5t any ( ! recomm5dations ( ! /udy2 & 7,c7 any recomm5dations ( ! /udy t1 z ( ! date on :i* ! report is submitt$1 h be5 def]r$ or n act$ ^u1 toge!r ) an explanatory /atem5t4 7c7 ,au?orization ,to sell or lic5se claims data 7#a7 ,am5dm5ts 7,a7 ,9 g5]al ,section #acac ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djbj7 is am5d$-- 7i7 by /rik+ ,! ,adm9i/rator & ins]t+ ! foll[+3 7a7 ,9 g5]al ,! ,adm9i/rator 2 & 7ii7 by add+ at ! foll[+3 7b7 ,sell+ or lic5s+ ( claims data 7#a7 ,9 g5]al ,! ,adm9i/rator may sell or lic5se ! use ( hi/orical /ructure-specific claims data obta9$ & ma9ta9$ by ! ,national ,flood ,insurance ,program 7ref]r$ to 9 ?is subsection z cov]$ claims data7 to nongov]nm5tal entities z ! ,adm9i/rator det]m9es is appropriate & 9 ! public int]e/4 7#b7 ,rules1 proc$ures ,! ,adm9i/rator may adopt rules1 t]ms1 conditions1 policies1 & proc$ures conc]n+-- 7,a7 ! sell+ or lic5s+ ( cov]$ claims data2 & 7,b7 ! use1 protection1 & ma9t5ance ( cov]$ claims data by nongov]nm5tal entities4 7#c7 ,proce$s ,! ,adm9i/rator %all deposit ! proce$s f sell+ or lic5s+ cov]$ claims data "u ?is subsection 9 ! ,national ,flood ,insurance ,fund4 4 7,b7 ,fund+ ,section #acaj ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djag7 is am5d$-- 7i7 9 subsection 7a7-- 7,i7 9 p>agraph 7#g71 by /rik+ & at ! end2 7,,ii7 9 p>agraph 7#h71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7,,iii7 by add+ at ! end ! foll[+3 7#i7 = c>ry+ out section #acac4 2 & 7ii7 9 subsection 7b7-- 7,i7 9 p>agraph 7#e71 by /rik+ & at ! end2 7,,ii7 by r$esignat+ p>agraph 7#f7 z p>agraph 7#g72 & 7,,iii7 by ins]t+ aft] p>agraph 7#e7 ! foll[+3 7#f7 proce$s f ! sale or lic5s+ ( hi/orical /ructure-specific claims data1 z au?oriz$ "u section #acac7;b72 & 4 7#b7 ,effective date 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b71 ! am5dm5ts made by p>agraph 7#a7 %all take effect on ! date on :i* ! ,adm9i/rator publi%es 9 ! ,f$]al ,regi/] a c]tification t ! ,adm9i/rator has-- 7i7 submitt$ ! report requir$ "u subsection 7b72 7ii7 det]m9$ t x is legally & practically feasible to implem5t a program to sell or lic5se ! use ( cov]$ claims data to nongov]nm5tal entities2 & 7iii7 det]m9$ t a program describ$ 9 subp>agraph 7,b7 w\ld be 9 ! public int]e/4 7,b7 ,cr$its to ,fund ,! am5dm5t made by clause 7ii7 ( p>agraph 7#a77;,b7 %all take effect on ! date ( enactm5t ( ?is ,act4 #djd4 ,fees & sur*>ges = private flood insurance policies 7a7 ,sur*>ges ,section #acjh;,a7a7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae;a7a77 is am5d$-- 7#a7 by /rik+ ,! ,adm9i/rator & ins]t+ ! foll[+3 7#a7 ,collection on nfip policies ,! ,adm9i/rator 2 & 7#b7 by add+ at ! end ! foll[+3 7#b7 ,collection on private policies 7,a7 ,9 g5]al ,an insurance company t issues a policy = private flood insurance %all impose & collect an annual sur*>ge1 9 ! am\nt provid$ 9 subsection 7b71 on a private flood insurance policy4 7,b7 ,9 addition to increas$ co/ ( compliance sur*>ge ,! sur*>ge impos$ "u subp>agraph 7,a7 %all be 9 addition to ! sur*>ge impos$ "u section #acjd7;c7 & any o!r assessm5ts & sur*>ges appli$ to su* cov]age4 7,c7 ,f$]al equival5cy fee payable to adm9i/rator ,n lat] ?an #ahj days aft] ! date on :i* an insurance company collects a sur*>ge "u subp>agraph 7,a71 ! insurance company %all transf] ! am\nt ( ! sur*>ge to ! ,adm9i/rator1 :o %all deposit ! am\nt 9 ! ,national ,flood ,insurance ,fund e/abli%$ "u section #acaj4 7,d7 ,in=mation ,! ,adm9i/rator may require ! provision ( su* in=mation z ! ,adm9i/rator decides is necess>y to v]ify t a sur*>ge impos$ & collect$ "u subp>agraph 7,a7 has be5 impos$ & collect$ at ! prop] "t & 9 ! prop] am\nt4 7,e7 ,co/ ( collect+ sur*>ge ,no portion ( ! sur*>ge collect$ "u subp>agraph 7,a7 may be reta9$ by ! insurance company = ! co/s ( collect+1 h&l+1 or remitt+ ! sur*>ge except = int]e/ accru+ to ! company aft] collection & be=e remittance4 4 7b7 ,f$]al policy fee ,section #acjg7;a7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djad7;a77 is am5d$-- 7#a7 9 p>agraph 7#a77;,b77iii71 by /rik+ %all be recov]$ by & all t foll[s & ins]t+ 8%all be recov]$-- 7,i7 9 ! case ( a policy "u ! national flood insurance program1 by a fee t-- 7aa7 %all be *>g$ to policyhold]s2 & 7bb7 %all n be subject to any ag5ts' commissions1 company exp5se all[ances1 or ,/ate or local premium taxes2 & 7,,ii7 9 ! case ( a private flood insurance policy1 by a fee-- 7aa7 t %all be-- 7,,aa7 *>g$ to policyhold]s2 7,,bb7 collect$ by ! insurance company t issu$ ! policy2 & 7,,cc7 transf]r$1 n lat] ?an #ahj days aft] ! date on :i* ! fee is collect$1 to ! ,adm9i/rator1 :o %all deposit ! am\nt ( ! fee 9 ! ,national ,flood ,insurance ,fund e/abli%$ "u section #acaj2 7bb7 t %all n be subject to any ag5ts' commissions1 company exp5se all[ances1 or ,/ate or local premium taxes2 & 7cc7 ) respect to :i*-- 7,,aa7 ! ,adm9i/rator may require ! provision ( su* in=mation z ! ,adm9i/rator decides is necess>y to v]ify t ! fee has be5 impos$ & collect$ at ! prop] "t & 9 ! prop] am\nt2 & 7,,bb7 no portion may be reta9$ by ! insurance company t collect$ ! fee = ! co/s ( collect+1 h&l+1 or remitt+ ! fee except = int]e/ accru+ to ! company aft] collection & be=e remittance2 & 2 & 7#b7 9 p>agraph 7#b71 9 ! matt] prec$+ subp>agraph 7,a71 by ins]t+ 1 includ+ a fee *>g$ to policyhold]s ( private flood insurance 9 a mann] t is consi/5t ) p>agraph 7#a77;,b77iii77,,ii71 aft] policyhold]s4 7c7 ,increas$ co/ ( compliance cov]age "u private policies ,section #ajb7;b77#g77;,c7 ( ! ,flood ,disa/] ,protection ,act ( #aigc 7#db ,u4,s4,c4 #djab;a7b77#g77;,c771 z am5d$ by section #dja ( ?is ,act1 is am5d$-- 7#a7 9 clause 7ii71 by /rik+ & at ! end2 7#b7 9 clause 7iii71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7#c7 by add+ at ! end ! foll[+3 7iv7 provides ord9ance & law cov]age t meets or exce$s increas$ co/ ( compliance cov]age provid$ "u a /&>d flood insurance policy "u ! national flood insurance program 4 7d7 ,applicability ,! am5dm5ts made by subsections 7a71 7b71 & 7c7 %all apply ) respect to a private flood insurance policy t is newly issu$ or r5ew$ aft] ! date ( enactm5t ( ?is ,act4 7e7 ,te*nical & con=m+ am5dm5ts 7#a7 ,premium sur*>ge ,section #acjh;,a7a77#a7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae;a7a77#a771 z s designat$ by subsection 7a77#a7 ( ?is section1 is am5d$1 9 ! second s5t5ce1 by /rik+ section #acjd7;b7 & ins]t+ section #acjd7;c74 7#b7 ,national ,flood ,insurance ,fund ,section #acaj7;b7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djag7;b771 z am5d$ by section #djc7;c77#a77;,b77ii7 ( ?is ,act1 is am5d$-- 7,a7 9 p>agraph 7#f71 z s designat$1 by /rik+ & at ! end2 7,b7 by r$esignat+ p>agraph 7#g7 z p>agraph 7#i72 & 7,c7 by ins]t+ aft] p>agraph 7#f7 ! foll[+3 7#g7 sur*>ges collect$ "u section #acjh;,a7a77#b72 7#h7 fees collect$ "u section #acjg7;a77#a77;,b77iii72 & 4 #dje4 ,write ,y\r ,own ,risk ,%>+ ,pilot ,program 7a7 ,def9ition ,9 ?is section-- 7#a7 ! t]m excess flood insurance policy means a flood insurance policy sold "u ! ,pilot ,program2 & 7#b7 ! t]m ,pilot ,program means ! ,write ,y\r ,own ,risk ,%>+ ,pilot ,program e/abli%$ "u subsection 7b74 7b7 ,e/abli%m5t ,! ,adm9i/rator %all e/abli% & conduct a pilot program "u ! ,national ,flood ,insurance ,program1 to be kn[n z ! ,write ,y\r ,own ,risk ,%>+ ,pilot ,program1 to make available a flood insurance policy apply+ only to loss or damage 9 excess ( n less ?an #ej1jjj = sale by ,write ,y\r ,own companies t agree to p>ticipate 9 ! ,pilot ,program4 7c7 ,eligibility ,to p>ticipate 9 ,pilot ,program ,! ,adm9i/rator may e/abli% t]ms1 conditions1 & eligibility crit]ia = ,write ,y\r ,own companies p>ticipat+ 9 ! ,pilot ,program4 7d7 ,t]ms & conditions ( excess flood policy 7#a7 ,*>geable rates ,! *>geable rate = an excess flood insurance policy sold 9 an area 7or subdivision !re(7 %all be n less ?an ! applicable e/imat$ risk premium rate = ! area 7or subdivision !re(7 "u section #acjg7;a77#a7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djad7;a77#a774 7#b7 ,application ( sur*>ges & fees ,any sur*>ge or fee1 ) respect to an excess flood insurance policy1 *>g$ to a policyhold] p>ticipat+ 9 ! ,pilot ,program = a p]iod %all be r$uc$ by ! am\nt ( any sur*>ge = a private flood insurance policy "u section #acjh;,a7a77#b7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djae;a7a77#b77 7z add$ by section #djd7 or fee = a private flood insurance policy "u section #acjg7;a77#a77;,b77iii7 ( t ,act 7#db ,u4,s4,c4 #djad7;a77#a77;,b77iii77 7z am5d$ by section #djd71 respectively1 paid by ! policyhold] = cov]age dur+ ! same p]iod4 7#c7 ,t]ms & conditions ( insurance 7,a7 ,9 g5]al ,an excess flood insurance policy %all h ! same cov]ages1 exclusions1 & limitations z ! ,/&>d ,flood ,insurance ,policy ins(> z ! ,policy relates to ! requirem5ts ( ?is section4 7,b7 ,cov]age am\nts ,cov]age am\nts = an excess flood insurance policy %all n exce$ ! cov]age am\nts e/abli%$ "u section #acjf7;b7 ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djac7;b774 7#d7 ,und]ly+ policy requirem5t ,an excess flood insurance policy sold "u ! ,pilot ,program %all require ! insur$ to c>ry prim>y flood insurance t-- 7,a7 provides a maximum cov]age limit ( n less ?an #ej1jjj2 7,b7 is issu$ by a ,write ,y\r ,own company2 & 7,c7 complies ) any o!r conditions adopt$ by ! ,adm9i/rator4 7e7 ,au?ority ,! ,adm9i/rator %all c>ry out ! ,pilot ,program z au?oriz$ by & 9 accordance ) ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djja et seq47 ins(> z t ,act relates to ?is section1 subject to ! modifications made by ?is section4 7f7 ,implem5tation ,! ,adm9i/rator %all make policies available = sale to ! public "u ! ,pilot ,program n lat] ?an #ah mon?s aft] ! date ( enactm5t ( ?is ,act4 7g7 ,sunset ,! ,adm9i/rator may n issue or r5ew contracts = flood insurance "u ! ,pilot ,program-- 7#a7 on & aft] ! date is #e ye>s aft] ! date contracts = flood insurance "u ?is section are made available = pur*ase2 & 7#b7 at any "t aft] ! expiration ( ! ,national ,flood ,insurance ,program "u section #acai ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djbf74 7h7 ,report ,n lat] ?an #ahj days aft] ! date on :i* ! au?ority = ! ,pilot ,program t]m9ates "u subsection 7g71 ! ,adm9i/rator %all submit to ,congress a report on-- 7#a7 ! aggregate am\nt ( premiums1 sur*>ges1 & fees *>g$ "u ! ,pilot ,program2 & 7#b7 claims loss data exp]i5c$ by ! ,write ,y\r ,own companies p>ticipat+ 9 ! ,pilot ,program & ! ,national ,flood ,insurance ,program on policies sold "u ! ,pilot ,program4 ,v ,mod]niz+ flood mapp+ & flood risk accuracy #eja4 ,reau?orization ( ,national ,flood ,mapp+ ,program ,section #ajjbaf7;f7 ( ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab 7#db ,u4,s4,c4 #daja;b7f77 is am5d$-- 7#a7 by /rik+ to c>ry out ?is section #djj1jjj1jjj & ins]t+ ! foll[+3 to c>ry out ?is section-- 7#a7 #djj1jjj1jjj 2 & 7#b7 by /rik+ ! p]iod at ! end & ins]t+ ! foll[+3 2 & 7#b7 #ejj1jjj1jjj = ea* ( fiscal ye>s #bjah ?r\gh #bjbg4 4 #ejb4 ,mapp+ /&>ds & guidel9es = nongov]nm5tal entities ,section #ajjbae ( ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab 7#db ,u4,s4,c4 #daja;a7 is am5d$ by add+ at ! end ! foll[+3 7m7 ,private or community flood maps 7#a7 ,/&>ds & proc$ures ,9 addition to ! o!r duties ( ! ,c\ncil "u ?is section1 n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is subsection1 ! ,c\ncil %all develop & e/abli% a set ( /&>ds1 guidel9es1 & proc$ures =-- 7,a7 ,/ate & local gov]nm5ts1 f$]ally or ,/ate-recogniz$ metropolitan plann+ organizations 7commonly kn[n z ,m,p,os71 f$]ally or ,/ate-recogniz$ c\ncils ( local gov]nm5ts1 & f$]ally or ,/ate-recogniz$ rural transportation plann+ organizations to use 9 mapp+ flood risks & develop+ alt]native maps to ! flood insurance rate maps develop$ by ! ,adm9i/rator2 & 7,b7 c]tification1 by ! ,adm9i/rator n lat] ?an #ij days aft] ! date on :i* a map develop$ "u subp>agraph 7,a7 is submitt$ to ! ,adm9i/rator1 = use "u ! ,national ,flood ,insurance ,program 9 ! case ( any area cov]$ by a flood insurance rate map develop$ or approv$ by ! ,adm9i/rator t has n be5 updat$ or reissu$ dur+ ! prec$+ #c-ye> p]iod4 7#b7 ,treatm5t ,on & aft] ! date on :i* ! ,adm9i/rator c]tifies a map "u p>agraph 7#a77;,b71 ! map-- 7,a7 %all be consid]$ ! flood insurance rate map 9 effect = all purposes ( ! ,national ,flood ,insurance ,program ) respect to ! area cov]$ by ! map2 & 7,b7 may n be revis$1 updat$1 or replac$ 9 accordance ) ! /&>ds1 guidel9es1 & proc$ures e/abli%$ "u p>agraph 7#a7 be=e ! expiration ( ! #c-ye> p]iod beg9n+ on t date ( c]tification4 7#c7 ,exemption f rulemak+ ,until ! date on :i* ! ,adm9i/rator promulgates regulations implem5t+ p>agraphs 7#a7 & 7#b71 ! ,adm9i/rator may adopt policies & proc$ures1 not)/&+ any o!r provision ( law1 necess>y to implem5t ^? p>agraphs )\t reg>d to section #eec ( title #e1 ,unit$ ,/ates ,code1 & )\t conduct+ regulatory analyses o!rwise requir$ by /atute1 regulation1 or ,executive ord]4 4 #ejc4 ,use ( high-resolution mapp+ te*nology 7a7 ,9 g5]al ,section #ajjbaf7;b77#a7 ( ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab 7#db ,u4,s4,c4 #daja;b7b77#a77 is am5d$-- 7#a7 9 subp>agraph 7,a77i71 by ins]t+ subject to subp>agraph 7,d71 be=e all populat$ areas2 7#b7 9 subp>agraph 7,b71 by /rik+ & at ! end2 7#c7 9 subp>agraph 7,c71 by /rik+ ! p]iod at ! end & ins]t+ ! foll[+3 1 includ+ by facilitat+1 p>tn]+ ) o!r ,f$]al1 ,/ate1 & local ag5cies ) respect to1 & lev]ag+ ! effici5t acquisition ( ! mo/ up-to-date high-resolution topographic data1 su* z ,light ,detection & ,rang+ 7commonly kn[n z ,li,d,a,r7 data & o!r new & em]g+ te*nologies2 &2 & 7#d7 by add+ at ! end ! foll[+3 7,d7 e/abli% /&>ds t may be us$ z ! basis = insurance rat+ purposes to id5tify multi-frequ5cy flood haz>ds & flood haz>d in=mation t appropriately *>act]izes ! nature ( flood+ = areas subject to a mapp+ update1 includ+ by us+ ! mo/ up-to-date high-resolution topographic data z requir$ "u subp>agraph 7,c71 9 ord] to r$uce flood risk & improve ! accuracy ( ,national ,flood ,insurance ,program rate maps4 4 7b7 ,report ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all submit to ,congress a report on compliance by ! ,adm9i/rator ) ! requirem5t "u subp>agraphs 7,c7 & 7,d7 ( section #ajjbaf7;b77#a7 ( ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab 7#db ,u4,s4,c4 #daja;b7b77#a771 z am5d$ by subsection 7a71 to use ! mo/ up-to-date high-resolution topographic data & multi-frequ5cy flood haz>ds 9 ord] to r$uce flood risk & improve ! accuracy ( ,national ,flood ,insurance ,program rate maps4 #ejd4 ,protect$ areas ,section #ajjbaf7;b7 ( ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab 7#db ,u4,s4,c4 #daja;b7b77 is am5d$ by add+ at ! end ! foll[+3 7#d7 ,zones protect$ by levee sy/ems 7,a7 ,applicability ,subject to full implem5tation ( ?is section1 & not)/&+ any o!r provision ( law1 ?is p>agraph %all apply to a community 9 :i* ! ,adm9i/rator maps or re-maps a levee-impact$ area 9 :i* ! p]t95t levee sy/em fails to meet ! m9imum design1 op]ation1 & ma9t5ance /&>ds ( ! ,national ,flood ,insurance ,program requir$ = levee accr$itation on a ,national ,flood ,insurance ,program rate map4 7,b7 ,,al ,zones ,= levee-impact$ areas describ$ 9 subp>agraph 7,a71 ! ,adm9i/rator %all e/abli% flood risk zones kn[n z ,,al ,zones on ! ,national ,flood ,insurance ,program rate map4 7,c7 ,actu>ial rates 7i7 ,9 g5]al ,! ,adm9i/rator %all make available flood insurance to prop]ties 9 ,,al ,zones at actu>ial rates bas$ ^u ! risk associat$ ) /ructures )9 ! applicable ,,al zone4 7ii7 ,tempor>y rates ,until ! ,adm9i/rator promulgates actu>ial rates = ! v>i\s ,,al zones1 a /ructure )9 a portion ( a community locat$ )9 a levee-impact$ area describ$ 9 subp>agraph 7,a7 %all be eligible = rates associat$ ) areas ( mod]ate flood haz>ds 7also kn[n z ,/&>d ,x zone rates74 4 #eje4 ,coa/al flood models ,section #ajjbaf7;b7 ( ! ,bigg]t-,wat]s ,flood ,insurance ,re=m ,act ( #bjab 7#db ,u4,s4,c4 #daja;b7b771 z am5d$ by section #ejd1 is am5d$ by add+ at ! end ! foll[+3 7#e7 ,coa/al flood models ,9 updat+ maps "u ?is section1 ! ,adm9i/rator %all use coa/al flood models t ensure te*nically & sci5tifically accurate model+ to repres5t & communicate flood risk4 4 ,,vi ,enhanc+ ,national ,flood ,insurance ,program transp>5cy & acc\ntability #fja4 ,deadl9e = approval ( claims 7a7 ,9 g5]al ,section #acab ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djai71 z am5d$ by section #bje1 is am5d$ by add+ at ! end ! foll[+3 7e7 ,deadl9e = approval ( claims 7#a7 ,9 g5]al ,n lat] ?an #cj days aft] ! submission ( a pro( ( loss1 ! ,adm9i/rator %all notify ! insur$ reg>d+ ! approval or disapproval ( ! claim4 7#b7 ,ext5sion ( claim det]m9ation deadl9e ,! ,adm9i/rator may ext5d ! deadl9e "u p>agraph 7#a7 by a s+le additional #ae-;day p]iod "u extraord9>y circum/ances1 z det]m9$ accord+ to crit]ia adopt$ by ! ,adm9i/rator4 7#c7 ,paym5t ( claims ,! ,adm9i/rator %all make paym5t = an approv$ claim z soon z possible aft] approval ( ! claim4 7f7 ,notification & pro(s ( loss 7#a7 ,9 g5]al ,a flood insurance claim fil$ "u ?is title = damage to or loss ( prop]ty may n be d5i$ bas$ on ! pro( ( loss requirem5ts ( ! /&>d flood insurance policy "u ! national flood insurance program if ! policyhold]-- 7,a7 provides notice ( ! claim n lat] ?an #fj days aft] ! date ( ! occurr5ce ( ! loss2 & 7,b7 complies ) ! rema9+ pro( ( loss requirem5ts "u ! /&>d flood insurance policy n lat] ?an-- 7i7 #ahj days aft] ! date ( ! occurr5ce ( ! loss2 or 7ii7 any lat] date specifi$ by ! ,adm9i/rator4 7#b7 ,supplem5tal pro( ( loss ,a policyhold] may am5d or supplem5t a pro( ( loss n lat] ?an #ahj days aft] ! date on :i* ! policyhold] submits ! initial pro( ( loss4 4 7b7 ,applicability ,! am5dm5t made by subsection 7a7 %all apply to any claim = damage to or loss ( prop]ty cov]$ by flood insurance made available "u ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djja et seq47 t is p5d+ on1 or made aft]1 ! date ( enactm5t ( ?is ,act4 #fjb4 ,flood insurance transp>5cy1 acc\ntability1 & re=m 7a7 ,reports & o!r claim-,relat$ docum5ts ,section #acab ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djai71 z am5d$ by section #fja1 is am5d$ by add+ at ! end ! foll[+3 7f7 ,f9al ,eng9e]+ ,reports ,! ,adm9i/rator %all require t1 9 ! case ( any on-site inspection ( a prop]ty by an eng9e] = ! purpose ( assess+ any claim = losses cov]$ by a policy = flood insurance cov]age provid$ "u ?is title 7ref]r$ to 9 ?is subsection z a cov]$ claim71 ! f9al eng9e]+ report %all be provid$ to ! insur$ "u ! policy1 z foll[s3 7#a7 ,tim+ ,! f9al eng9e]+ report may n be transmitt$ to any o!r p]son1 employ]1 ag5cy1 or entity1 be=e x is transmitt$ to ! insur$4 7#b7 ,prohibition on alt]ations2 c]tification ,! f9al eng9e]+ report-- 7,a7 %all be true1 complete1 & unr$act$2 7,b7 may n include alt]ations by1 or at ! reque/ (1 anyone o!r ?an ! individual ) responsible *>ge = ! report2 & 7,c7 %all include a c]tification1 sign$ by ! individual ) responsible *>ge = ! report1 t ! report does n conta9 any alt]ations describ$ 9 subp>agraph 7,b74 7#c7 ,transmittal 7,a7 ,9 g5]al ,! f9al eng9e]+ report %all be transmitt$ to ! insur$ 9 a mann] prescrib$ by ! ,adm9i/rator t provides reasonable assurance t x 0 transmitt$ directly to ! insur$ by ! individual ) responsible *>ge4 7,b7 ,direct disclosure ,a ,write ,y\r ,own company or direct s]vic+ ag5t 9 possession ( a f9al eng9e]+ report subject to disclosure "u ?is subsection may transmit ! report to ! insur$ )\t fur!r review or approval by ! ,adm9i/rator4 7#d7 ,reports cov]$ ,= purposes ( ?is subsection1 ! t]m f9al eng9e]+ report means an eng9e]+ report1 survey1 or o!r docum5t 9 connection ) ! cov]$ claim t-- 7,a7 is bas$ on ! on-site inspection2 7,b7 conta9s f9al conclusions ) respect to an eng9e]+ issue or issues involv$ 9 ! claim2 & 7,c7 is sign$ by ! individual ) responsible *>ge or affix$ ) ! seal ( ! individual ) responsible *>ge1 or bo?4 7g7 ,claims adju/m5t reports ,! ,adm9i/rator %all require t1 9 ! case ( any on-site inspection ( a prop]ty by a claims adju/or = ! purpose ( assess+ any claim = losses cov]$ by a policy = flood insurance cov]age provid$ "u ?is title 7ref]r$ to 9 ?is subsection z a cov]$ claim71 any claims adju/m5t claims adju/m5t report %all be provid$ to ! insur$ "u ! policy1 z foll[s3 7#a7 ,tim+ ,! claims adju/m5t report may n be transmitt$ to any o!r p]son1 employ]1 ag5cy1 or entity1 be=e x is transmitt$ to ! insur$4 7#b7 ,prohibition on alt]ations2 c]tification ,! claims adju/m5t report-- 7,a7 %all be true1 complete1 & unr$act$2 7,b7 may n include alt]ations by1 or at ! reque/ (1 anyone o!r ?an ! prep>] ( ! report2 & 7,c7 %all include a c]tification1 sign$ by ! prep>]1 t ! report does n conta9 any alt]ations describ$ 9 subp>agraph 7,b74 7#c7 ,transmittal 7,a7 ,9 g5]al ,! claims adju/m5t report %all be transmitt$ to ! insur$ 9 a mann] prescrib$ by ! ,adm9i/rator t provides reasonable assurance t x 0 transmitt$ directly to ! insur$ by ! prep>]4 7,b7 ,direct disclosure ,a ,write ,y\r ,own company or direct s]vic+ ag5t 9 possession ( a claims adju/m5t report subject to disclosure "u ?is subsection may transmit ! report to ! insur$ )\t fur!r review or approval by ! ,adm9i/rator4 7#d7 ,reports cov]$ ,= purposes ( ?is subsection1 ! t]m claims adju/m5t report-- 7,a7 means any report or docum5t 9 connection ) ! cov]$ claim t is bas$ on ! on-site inspection by ! claims adju/or1 includ+ any adju/m5t report & field report2 7,b7 includes any draft1 prelim9>y v]sion1 or copy ( a report describ$ 9 subp>agraph 7,a7 & any am5dm5ts or additions to any su* report2 & 7,c7 does n include a f9al eng9e]+ report1 z t t]m is def9$ = purposes ( subsection 7e74 7h7 ,o!r claim-,relat$ docum5ts 7#a7 ,def9ition ( claim-relat$ docum5t ,9 ?is subsection1 ! t]m claim-relat$ docum5t means any docum5t1 o!r ?an a f9al eng9e]+ report 7z def9$ 9 subsection 7e77 or a claims adju/m5t report 7z def9$ 9 subsection 7f771 t 0 prep>$ = ! purposes ( assess+ a claim = losses cov]$ by flood insurance made available "u ?is title1 includ+-- 7,a7 a repair & replacem5t e/imate or bid2 7,b7 an appraisal2 7,c7 a scope ( loss2 7,d7 a draw+2 7,e7 a plan2 7,f7 a report1 includ+ a draft report prep>$ bas$ on an on-site inspection ( a prop]ty conduct$ by a claims adju/or or eng9e]2 7,g7 a ?ird-p>ty f9d+ on ! am\nt ( loss1 am\nt ( cov]$ damage1 or co/ ( repairs2 & 7,h7 any o!r valuation1 measurem5t1 or loss adju/m5t calculation ( ! am\nt ( loss1 am\nt ( cov]$ damage1 or co/ ( repairs4 7#b7 ,availability ( docum5ts ,any entity s]vic+ a claim "u ! national flood insurance program-- 7,a7 %all reta9 ea* claim-relat$ docum5t prep>$ by or = ! entity2 7,b7 ^u reque/ by a claimant or an au?oriz$ repres5tative ( a claimant1 %all provide to ! claimant or repres5tative a copy ( any claim-relat$ docum5t describ$ 9 subp>agraph 7,a7 t p]ta9s to ! claimant2 & 7,c7 n lat] ?an #cj days aft] receiv+ notice ( a claim1 %all notify ! claimant t ! claimant or an au?oriz$ repres5tative ( ! claimant may obta91 ^u reque/1 a copy ( any claim-relat$ docum5t describ$ 9 subp>agraph 7,a7 t p]ta9s to ! claimant4 7i7 ,use ( claim reports 7#a7 ,9 g5]al ,:5 adju/+ claims = any damage to or loss ( prop]ty cov]$ by flood insurance made available "u ?is title1 ! ,adm9i/rator %all only rely ^u f9al claim reports t are prep>$ 9 compliance ) applicable ,/ate & ,f$]al laws reg>d+ pr(essional lic5sure & conduct4 7#b7 ,non-reimbursem5t ,! ,adm9i/rator may decl9e to reimburse a ,write ,y\r ,own company = claim reports n prep>$ 9 accordance ) p>agraph 7#a74 4 7b7 ,judicial review 7#a7 ,gov]nm5t program ) indu/ry assi/ance ,section #acda ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djgb7 is am5d$ to read z foll[s3 #acda4 ,adju/m5t & paym5t ( claims & judicial review 7a7 ,adju/m5t & paym5t ( claims ,if ! program is c>ri$ out z provid$ 9 section #acdj1 ! ,adm9i/rator may adju/ & make paym5t ( any claims = prov$ & approv$ losses cov]$ by flood insurance4 7b7 ,judicial review ,^u ! disall[ance or p>tial disall[ance by ! ,adm9i/rator ( a claim describ$ 9 subsection 7a71 or ^u ! refusal ( ! claimant to accept ! am\nt all[$ ^u a claim describ$ 9 subsection 7a7-- 7#a7 ! claimant may in/itute an action aga9/ ! ,adm9i/rator on ! claim 9 ! ,unit$ ,/ates di/rict c\rt = ! di/rict 9 :i* ! insur$ prop]ty or ! major "p !re( %all h be5 situat$-- 7,a7 n lat] ?an #b ye>s aft] ! date on :i* ! claimant receives notice ( disall[ance or p>tial disall[ance ( ! claim2 or 7,b7 9 ! case ( a d5ial ( a claim = losses t is appeal$ to ! ,adm9i/rator1 n lat] ?an ! lat] (-- 7i7 #ij days aft] ! date ( a f9al det]m9ation ^u appeal d5y+ ! claim 9 :ole or 9 "p2 or 7ii7 #b ye>s aft] ! date on :i* ! claimant receives notice ( disall[ance or p>tial disall[ance ( ! claim2 & 7#b7 a c\rt describ$ 9 p>agraph 7#a7 %all h orig9al exclusive jurisdiction to he> & det]m9e ! action )\t reg>d to ! am\nt 9 controv]sy4 7c7 ,private rights ( action ,no?+ 9 ?is section1 or 9 any regulation or policy implem5t+ ! national flood insurance program1 may be con/ru$ to preclude a private "r ( action "u any /atute by a policyhold] aga9/ a private entity = fraud aris+ f ! h&+ or disposition ( a claim = losses "u ?is title4 4 7#b7 ,indu/ry program ) ,f$]al f9ancial assi/ance ,section #accc ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djec7 is am5d$ to read z foll[s3 #accc4 ,adju/m5t & paym5t ( claims & judicial review 7a7 ,adju/m5t & paym5t ( claims ,! insurance companies & o!r insur]s t =m1 associate1 or o!rwise jo9 toge!r 9 ! pool "u ?is "p may adju/ & pay all claims = prov$ & approv$ losses cov]$ by flood insurance 9 accordance ) ! provisions ( ?is title4 7b7 ,judicial review ,^u ! disall[ance or p>tial disall[ance by any company or o!r insur] describ$ 9 subsection 7a7 ( a claim describ$ 9 t subsection1 or ^u ! refusal ( ! claimant to accept ! am\nt all[$ ^u a claim describ$ 9 t subsection-- 7#a7 ! claimant may in/itute an action on ! claim aga9/ ! company or o!r insur] 9 ! ,unit$ ,/ates di/rict c\rt = ! di/rict 9 :i* ! insur$ prop]ty or ! major "p !re( %all h be5 situat$-- 7,a7 n lat] ?an #b ye>s aft] ! date on :i* ! claimant receives notice ( disall[ance or p>tial disall[ance ( ! claim2 or 7,b7 9 ! case ( a d5ial ( a claim = losses t is appeal$ to ! ,adm9i/rator1 n lat] ?an ! lat] (-- 7i7 #ij days aft] ! date ( a f9al det]m9ation ^u appeal d5y+ ! claim 9 :ole or 9 "p2 or 7ii7 #b ye>s aft] ! date on :i* ! claimant receives notice ( disall[ance or p>tial disall[ance ( ! claim2 & 7#b7 a c\rt describ$ 9 p>agraph 7#a7 %all h orig9al exclusive jurisdiction to he> & det]m9e ! action )\t reg>d to ! am\nt 9 controv]sy4 7c7 ,private rights ( action ,no?+ 9 ?is section1 or 9 any regulation or policy implem5t+ ! national flood insurance program1 may be con/ru$ to preclude a private "r ( action "u any /atute by a policyhold] aga9/ a private entity = fraud aris+ f ! h&+ or disposition ( a claim = losses "u ?is title4 4 7c7 ,records & reviews ,section #acdh ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djhd7 is am5d$ by add+ at ! end ! foll[+3 7c7 ,annual review ,! ,adm9i/rator %all conduct an annual review ( ea* private entity p>ticipat+ 9 ! national flood insurance program1 includ+ any company t has ent]$ into a contract ) a ,write ,y\r ,own company to provide any s]vice relat$ to a policy or claim "u ! national flood insurance program1 includ+ adju/+1 eng9e]+1 & legal s]vices1 to ensure compliance ) ?is title & ) all policies & proc$ures e/abli%$ by ! ,adm9i/rator to prev5t fraud & protect policyhold]s4 4 7d7 ,publication ( claims data ,section #acab ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djai71 z am5d$ by subsection 7a71 is am5d$ by add+ at ! end ! foll[+3 7j7 ,publication ( claims data ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ! ,flood ,insurance ,af=dability & ,su/a9ability ,act ( #bjag1 ! ,adm9i/rator %all create & ma9ta9 a publicly se>*able onl9e database t includes1 ) respect to claims fil$ "u ! national flood insurance program aft] t date ( enactm5t-- 7#a7 ! aggregate numb] ( claims fil$ ea* mon?1 brok5 d[n by ,/ate2 7#b7 ! aggregate numb] ( claims paid 9 "p or 9 full2 & 7#c7 ! aggregate numb] ( claim d5ials appeal$1 ! numb] ( claim d5ials upheld on appeal1 & ! numb] ( claim d5ials ov]turn$ on appeal4 7k7 ,privacy ,no?+ 9 ?is section or ! ,flood ,insurance ,af=dability & ,su/a9ability ,act ( #bjag1 or any am5dm5t made by t ,act1 %all be con/ru$ to au?orize ! inclusion ( p]sonally id5tifiable in=mation or individual claim or specific prop]ty in=mation 9 any publicly se>*able database4 4 7e7 ,ov]sight ( litigation ,"p ,c ( *apt] ,,ii ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djha et seq47 is am5d$ by add+ at ! end ! foll[+3 #acdi4 ,ov]sight ( litigation 7a7 ,9 g5]al ,! ,adm9i/rator %all ov]see litigation aris+ "u a contract = flood insurance sold "u ?is title t is conduct$ by a ,write ,y\r ,own company to ensure t ! ,write ,y\r ,own company & c\nsel = ! company-- 7#a7 repres5t ! national flood insurance program reasonably & 9 accordance ) guidel9es e/abli%$ by ! ,adm9i/rator & applicable e?ical requirem5ts2 & 7#b7 conduct litigation 9 a co/-effective mann]4 7b7 ,d5ial ( reimbursem5t ,! ,adm9i/rator may d5y reimbursem5t = litigation exp5ses t ! ,adm9i/rator det]m9es 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 ,direction ( /rategy ,! ,adm9i/rator may direct litigation /rategy = claims aris+ "u a contract = flood insurance sold by a ,write ,y\r ,own company4 7d7 ,sub/itution ,! ,adm9i/rator may promptly take any necess>y action to be sub/itut$ = ! ,write ,y\r ,own company 9 any action aris+ out ( any claim aris+ "u a contract = flood insurance sold by a ,write ,y\r ,own company if ! ,adm9i/rator det]m9es t-- 7#a7 !re is a conflict ( int]e/ betwe5 a ,write ,y\r ,own company & ! national flood insurance program2 or 7#b7 su* sub/itution is 9 ! be/ int]e/ ( ! ,unit$ ,/ates4 4 7f7 ,e>? movem5t ,section #acjf ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djac7 is am5d$ by add+ at ! end ! foll[+3 7e7 ,e>? movem5t ,a flood insurance claim fil$ "u ?is title = damage to or loss ( prop]ty may n be d5i$ bas$ on ! e>? movem5t exclusion 9 ! ,/&>d ,flood ,insurance ,policy if ! claim is fil$ z ! result ( a flood1 includ+ a claim = damage to or loss or prop]ty caus$ by e>? movem5t t 0 caus$ by a flood4 4 7g7 ,appeals process ,section #bje ( ! ,bunn+-,b]eut]-,blum5au] ,flood ,insurance ,re=m ,act ( #bjjd 7#db ,u4,s4,c4 #djaa note7 is am5d$-- 7#a7 by /rik+ ,n lat] ?an & ins]t+ 7a7 ,9 g5]al4--,n lat] ?an2 & 7#b7 by add+ at ! end ! foll[+3 7b7 ,review ( appeals 7#a7 ,cl>ity ,! ,director %all ensure t ! appeals process e/abli%$ "u subsection 7a7 has cle> rules1 =ms1 & deadl9es4 7#b7 ,notification ^u initial d5ial ( claim ,! ,director %all ensure t a claimant is provid$ ) ! rules1 =ms1 & deadl9es describ$ 9 p>agraph 7#a7 at ! "t a claim is fir/ d5i$ 9 full or 9 "p1 includ+-- 7,a7 ! effective date ( ! d5ial2 7,b7 a ju/ification = ! d5ial1 includ+ support+ docum5tation2 7,c7 ! date on :i* ! p]iod ( limitation = in/itut+ an action aga9/ ! ,adm9i/rator on ! claim "u section #acda ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djgb7 w end2 & 7,d7 a po9t ( contact ?r\gh :i* ! claimant c directly discuss an appeal ) a repres5tative ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy4 7#c7 ,notification ^u d5ial ( appeal ,if ! ,adm9i/rator d5ies an appeal fil$ by a policyhold]1 ! ,adm9i/rator %all include ) ! notice ( d5ial an explanation ( ! policyhold]'s legal options = fur!r *all5g+ ! d5ial4 4 #fjc4 ,reports to ,congress 7a7 ,def9ition ,9 ?is section1 ! t]m ,task ,=ce means ! ,national ,flood ,insurance ,program ,trans=mation ,task ,=ce e/abli%$ by ! ,f$]al ,em]g5cy ,managem5t ,ag5cy4 7b7 ,report to ,congress on acc\ntability = defraud+ policyhold]s ,n lat] ?an #ij days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,homel& ,security %all submit to ,congress a report on specific actions ! ,dep>tm5t ( ,homel& ,security w take to id5tify individuals & private entities t h engag$ 9 activities to defraud policyhold]s "u ! ,national ,flood ,insurance ,program foll[+ ,sup]/orm ,s&y & prev5t ^? individuals & private entities f cont9u+ to receive ,f$]al fund+ ?r\gh-- 7#a7 contracts )1 or employm5t by1 a ,write ,y\r ,own company2 or 7#b7 employm5t by ! ,f$]al ,em]g5cy ,managem5t ,ag5cy4 7c7 ,report to ,congress on ,recomm5dations ( ! ,,nfip ,trans=mation ,task ,=ce ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all submit to ,congress a report t describes-- 7#a7 ! recomm5dations ( ! ,task ,=ce = re=m+ ! ,national ,flood ,insurance ,program2 7#b7 a timel9e = implem5t+ ! recomm5dations ( ! ,task ,=ce2 & 7#c7 any recomm5dations ( ! ,task ,=ce t require additional legislation4