,i #aaf? ,,congress #a/ ,session ,h4 ,r4 #caaa ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,june #e1 #bjai,ms4 ,velzquez introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to make adm9i/rative re=ms to ! ,national ,flood ,insurance ,program to increase fairness & accuracy & protect ! taxpay] f program fraud & abuse1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,national ,flood ,insurance ,program ,adm9i/rative ,re=m ,act ( #bjai4 #b4 ,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 #bjbc1 ! ,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 #bjbd4 7#e7 ,f9al report ,n lat] ?an ,m>* #ca1 #bjbe1 ! ,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 #c4 ,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 seq47 is am5d$ by add+ at ! end ! foll[+ new section3 #acdi4 ,p5alties = fraud & false /atem5ts 9 ! ,national ,flood ,insurance ,program 7a7 ,prohibit$ acts ,a p]son %all n kn[+ly make a false1 fictiti\s1 or fraudul5t /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]m9ation t results 9 a wrongful d5ial or sub/antial paym5t error ( flood insurance cov]age2 & 7#c7 kn[+ly submitt+ a mat]ially false1 fictiti\s1 or fraudul5t claim t results 9 wrongful paym5t ( flood insurance cov]age4 7b7 ,def9ition ,= purposes ( ?is section1 ! t]m kn[+ly means hav+ actual aw>5ess ( ! prohibitions "u ?is "p & act+ delib]ately 9 violation ( su* prohibitions4 7c7 ,adm9i/rative rem$y ,prior to any legal action be+ tak5 relat$ to ?is section1 all adm9i/rative rem$ies %all be exhau/$4 7d7 ,rule ( con/ruction ,?is section %all n be con/ru$-- 7#a7 to prev5t ! ,f$]al ,gov]nm5t f br++ action aga9/ a company or individual "u applicable /atutes1 includ+ ! ,false ,claims ,act2 & 7#b7 z creat+ any action1 private "r ( action1 or rem$y n o!rwise provid$ by ?is title or "u ,f$]al law4 7#c7 ,/ate action ,any p]son f\nd to h violat$ subsection 7a7 %all be ref]r$ to ! appropriate & relevant ,/ate lic5s+ ag5cy by ! ,attorney ,g5]al4 4 #d4 ,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 #acej4 ,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 decisions1 ) respect to ! disall[ance1 9 :ole or 9 "p1 ( any claims = losses cov]$ by flood insurance4 ,su* appeals %all be limit$ to ! claim or portion ( ! claim disall[$4 7b7 ,appeal decision ,^u a decision 9 an appeal "u subsection 7a71 ! ,adm9i/rator %all provide ! policyhold] ) a writt5 appeal decision4 ,! appeal decision %all expla9 ! ,adm9i/rator's det]m9ation to uphold1 modify1 or ov]turn ! decision4 ,! ,adm9i/rator may direct ! ,write ,y\r ,own company to take action necess>y to resolve ! appeal1 to include re-inspection1 re-adju/m5t1 or paym5t1 z appropriate4 7c7 ,deadl9e = appeals decision ,! ,adm9i/rator %all issue an appeals decision pursuant to subsection 7b7 n lat] ?an ! expiration ( ! #abj-;day p]iod beg9n+ ^u ! day on :i* ! ,adm9i/rator ackn[l$ges receipt ( a reque/ by ! policyhold] to pursue an appeal ( ! initial det]m9ation reg>d+ approval1 disapproval1 or am\nt ( paym5t by ! ,adm9i/rator4 ,9 cases :]e extraord9>y circum/ances1 z e/abli%$ by regulation1 are demon/rat$1 ! #abj-;day p]iod may be ext5d$ by additional successive p]iods ( #cj days4 7d7 ,adm9i/rative rem$y ,a policyhold] %all exhau/ all adm9i/rative rem$ies1 includ+ submission ( disput$ claims to appeal "u subsection 7a71 prior to comm5c+ legal action on a disput$ claim4 7e7 ,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 7f7 ,policyhold] litigation ,?is section %all n be con/ru$ to prev5t a policyhold] f br++ legal action aga9/ ! ,f$]al ,em]g5cy ,managem5t ,ag5cy or a ,write ,y\r ,own company foll[+ ! exhau/ion ( all adm9i/rative rem$ies & pursuant to applicable /atute4 4 7b7 ,ma9t5ance ( litigation rights ,section #acda ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djgb7 is am5d$ by add+ aft] ! p]iod at ! end ! foll[+3 ,= purposes ( ?is section1 ! "t f :i* ! ,adm9i/rator has ackn[l$g$ receipt ( a reque/ by ! policyhold] to pursue an appeal ( ! initial det]m9ation reg>d+ approval1 disapproval1 or am\nt ( paym5t by ! ,adm9i/rator until ! ,adm9i/rator mails a f9al det]m9ation ( su* appeal %all n be consid]$ t[>ds ! "o ye> /atute ( limitation "u ?is ,act4 ,h[ev]1 ?is section %all n be con/ru$ z creat+ any action or rem$y n o!rwise provid$ by ?is title44 7c7 ,repeal ,section #bje ( ! ,bunn+-,blum5au]-,b]eut] ,flood ,insurance ,re=m ,act ( #bjjd 7#db ,u4,s4,c4 #djaa note7 is h]eby repeal$4 #e4 ,deadl9e = approval ( claims 7a7 ,9 g5]al ,section #acab ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djai7 is am5d$-- 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 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 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-- 7,a7 provide t ! p]iod ref]r$ to 9 p>agraph 7#a7 may be ext5d$ by additional successive p]iods ( #cj days 9 cases :]e extraord9>y circum/ances are demon/rat$2 & 7,b7 e/abli%1 by regulation1 crit]ia = demon/rat+ su* extraord9>y circum/ances4 4 7b7 ,applicability ,! am5dm5ts made by subsection 7a7 %all apply to any claim "u flood insurance cov]age made available "u ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djja et seq47 p5d+ on ! date ( ! enactm5t ( ?is ,act & any claims made aft] su* date ( enactm5t4 #f4 ,litigation process ov]sight & re=m 7a7 ,9 g5]al ,"p ,c ( *apt] ,,ii ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djha et seq471 z am5d$ by ! prec$+ provisions ( ?is ,act1 is fur!r am5d$ by add+ at ! end ! foll[+ new section3 #acea4 ,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 ,jo9t def5se 7#a7 ,au?ority ,! ,adm9i/rator & ! ,write ,y\r ,own companies may ent] into1 & op]ate "u1 a jo9t def5se agreem5t = any claim or lawsuit1 or multiple claims or lawsuits1 aris+ "u a contract ( flood insurance4 7#b7 ,free fl[ ( in=mation ,"u su* jo9t def5se agreem5t1 !re may be ! free fl[ ( in=mation betwe5 ! ,write ,y\r ,own companies1 ! ,adm9i/rator1 ! ,unit$ ,/ates ,dep>tm5t ( ,ju/ice1 & legal c\nsel = ! ,write ,y\r ,own companies = ! purpose ( litigation coord9ation & to all[ ! ,adm9i/rator to p]=m ov]sight responsibility ( su* litigation4 7#c7 ,arrangem5t ,su* jo9t def5se agreem5t may be includ$ 9 ! arrangem5t betwe5 ! ,adm9i/rator & ! ,write ,y\r ,own companies4 7#d7 ,regulations ,! ,adm9i/rator may issue rules or regulations or provide su* =mal guidance z ! ,adm9i/rator consid]s necess>y & appropriate 9 ord] to fur!r su* jo9t def5se agreem5t ) ! ,write ,y\r ,own companies4 4 7b7 ,implem5tation ,! ,adm9i/rator ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy %all initiate compliance ) section #acea7;c7 ( ! ,national ,flood ,insurance ,act ( #aifh1 z add$ by ! am5dm5t made by subsection 7a7 ( ?is section1 n lat] ?an ! expiration ( ! #ab-mon? p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act4 #g4 ,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 #aceb4 ,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 #h4 ,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 #i4 ,improv$ disclosure requirem5t = /&>d flood insurance policies 7a7 ,9 g5]al ,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 subsections3 7c7 ,disclosure ( cov]age 7#a7 ,disclosure %eet ,ea* policy "u ! ,national ,flood ,insurance ,program %all include a /&>d disclosure %eet t is produc$ by ! ,adm9i/rator 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 ackn[l$g+ t a /&>d flood insurance policy does n cov] basem5t improvem5ts1 su* z f9i%$ walls1 floors1 & ceil+s1 or p]sonal prop]ty kept 9 a basem5t2 7,d7 a /atem5t ackn[l$g+ a /&>d flood insurance policy does n include cov]age = p]sonal prop]ty1 b su* cov]age may be pur*as$1 = "s p]sonal prop]ty conta9$ 9 a basem5t1 z well z p]sonal belong+s conta9$ else:]e 9 ! dwell+2 7,e7 a /atem5t ( ! o!r types & *>act]i/ics ( losses t are n cov]$ "u ! policy2 7,f7 a /atem5t t ! disclosure %eet provides g5]al in=mation ab\t ! policyhold]'s /&>d flood insurance policy2 7,g7 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,h7 a /atem5t t1 if ! policyhold] has any que/ions reg>d+ in=mation 9 ! disclosure %eet or policy1 ! policyhold] %\ld contact ! entity sell+ ! policy on behalf ( ! ,program1 toge!r ) contact in=mation suffici5t to all[ ! policyhold] to contact su* entity2 & 7,i7 any o!r in=mation t ! ,adm9i/rator det]m9es w be helpful to policyhold] 9 und]/&+ flood insurance cov]age4 7#b7 ,ackn[l$gm5t %eet ,ea* policy application "u ! ,national ,flood ,insurance ,program %all include an ackn[l$gm5t %eet on :i* ! policyhold] %all affirmatively-- 7,a7 ackn[l$ge t ! policyhold] receiv$ ! disclosure %eet requir$ "u p>agraph 7#a72 7,b7 accept or decl9e cov]age = p]sonal prop]ty2 7,c7 accept or decl9e o!r optional cov]age t may be available2 7,d7 ackn[l$ge ! policyhold]'s und]/&+ t ! /&>d flood insurance policy1 toge!r ) ! endorsem5ts & decl>ations page1 make up ! (ficial contract & are controll+ 9 ! ev5t t !re is any diff]5ce betwe5 ! in=mation on ! ackn[l$gm5t %eet & ! in=mation 9 ! policy2 & 7,e7 ackn[l$ge t ! policyhold] has be5 provid$ & has review$ a summ>y1 :i* may be ! policy decl>ations page1 ( ! total co/1 am\nt & ext5t ( insurance cov]age provid$ "u ! policy4 7d7 ,rule ( con/ruction ,?is section %all n be con/ru$ to void or alt] ! cov]age t]ms ( ! und]ly+ /&>d flood insurance policy & ! correspond+ endorsem5ts4 ,9 ! ev5t t ! cu/om] does n affirmatively ackn[l$ge ! requirem5ts "u subsection 7c77#b71 a ,write ,y\r ,own company may /ill issue ! policy on behalf ( ! ,national ,flood ,insurance ,program "u su* t]ms4 4 7b7 ,repeals ,sections #bjb & #bjc ( ! ,bunn+-,b]eut]-,blum5au] ,flood ,insurance ,re=m ,act ( #bjjd 7#db ,u4,s4,c4 #djaa note7 is h]eby repeal$4 #aj4 ,res]ve ,fund am\nts ,section #acaj ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djag7 is am5d$ 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 #aa4 ,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 #ab4 ,f$]al ,flood ,insurance ,advisory ,committee ,section #acah ( ! ,national ,flood ,insurance ,act ( #aifh 7#db ,u4,s4,c4 #djbe7 is am5d$ to read z foll[s3 #acah4 ,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 additional memb]s appo9t$ by ! ,adm9i/rator or ! designee ( ! ,adm9i/rator1 :o %all include-- 7i7 ?ree repres5tatives ( ,write ,y\r ,own companies2 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 ag5ts or brok]s ) demon/rat$ exp]i5ce ) ! sale ( flood insurance "u ! ,national ,flood ,insurance ,program1 "o ( :om %all h demon/rat$ exp]tise 9 ! *all5ges 9 insur+ l[-income communities2 7vi7 "o insurance claims speciali/2 7vii7 "o repres5tative ( a recogniz$ consum] advocacy organization2 & 7viii7 "o repres5tative f an academic in/itution :o has demon/rat$ exp]tise 9 insurance4 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 ,! ,adm9i/rator %all submit1 & ! ,committee %all review & make recomm5dations on1 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 ! public-private p>tn]%ip "u ! ,write ,y\r ,own arrangem5t1 g5]al be/ insurance practices1 & any significant *anges propos$ to be made reg>d+ ! op]ation ( ! ,national ,flood ,insurance ,program4 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 ,memb]s may be reimburs$ by ! ,f$]al ,gov]nm5t = travel exp5ses1 includ+ p] diem 9 lieu ( subsi/5ce1 at rates consi/5t ) rates au?oriz$ = employees ( ,f$]al ag5cies "u sub*apt] #a ( *apt] #eg ( title #e1 ,unit$ ,/ates ,code1 :ile away f home or regul> places ( bus9ess 9 p]=mance ( s]vice = ! ,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 ,transp>5cy2 ,,faca ,to ! greate/ ext5t possible1 ! ,committee %all op]ate 9 a transp>5t mann] t adh]es to ! requirem5ts ( ! ,f$]al ,advisory ,committee ,act1 ) ! exception t ! ,committee %all be p]mitt$ to freely communicate bo? dur+ & betwe5 meet+s "u subsection 7f7 9 a confid5tial mann] to discuss non-public in=mation reg>d+ ! op]ations ( ! ,national ,flood ,insurance ,program & o!r s5sitive & non-public issues4 ,if su* communication occurs1 ! ,committee %all1 to ! greate/ ext5t possible1 report a summ>y ( su* discussions 9 an appropriate public mann]4 7h7 ,/aff ( ,,fema ,^u ! reque/ ( ! ,*airp]son1 ! ,adm9i/rator may detail1 on a nonreimbursable basis1 p]sonnel ( ! ,f$]al ,em]g5cy ,managem5t ,ag5cy to assi/ ! ,committee 9 c>ry+ out its duties4 7i7 ,p[]s ,9 c>ry+ out ?is section1 ! ,committee may hold he>+s1 receive evid5ce & assi/ance1 provide in=mation1 & conduct rese>*1 z x consid]s appropriate4 7j7 ,reports to ,congress ,! ,adm9i/rator1 on an annual basis1 %all report to ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives1 ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate1 & ! ,(fice ( ,managem5t & ,budget on-- 7#a7 ! recomm5dations made by ! ,committee2 7#b7 actions tak5 by ! ,f$]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 7k7 ,rule ( con/ruction ,?is section %all n be con/ru$ to elim9ate or alt] any requirem5t on ! ,adm9i/rator associat$ ) ! notification or consultation ( specifi$ individuals or gr\ps ( individuals z requir$ else:]e by /atute4 4 #ac4 ,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 #ad4 ,,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 ,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 #ae4 ,,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 ,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 #af4 ,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