The bill would prevent the Federal Emergency Management Agency from requiring companies and insurance professionals that take part in the National Flood Insurance Program’s Write Your Own Program to stop offering private flood insurance. It would also bar such a restriction from being included in agreements with participating insurers.
If enacted, participating insurers, agents, brokers, and other listed organizations could offer and sell private flood insurance while taking part in the program. The bill does not guarantee any change to the coverage or prices available to customers.
The bill does not specify expenses or funding.
No publicly available information.
No publicly available information.