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DHS/FEMA | RIN: 1660-AA58 | Publication ID: Spring 2009 |
Title: National Flood Insurance Program (NFIP); Assistance to Private Sector Property Insurers; Write-Your-Own Arrangement | |
Abstract: This interim final rule amends portions of the Financial Assistance/Subsidy Arrangement (Arrangement) between Write-Your-Own (WYO) Companies and the Federal Emergency Management Agency (FEMA). In this rule, FEMA adds a provision to the Arrangement to maintain WYO CompaniesÂ’ cooperation in helping ensure that property insurance agents writing flood insurance under the NFIP avail themselves of the training opportunities needed to meet the minimum NFIP training requirements called for in the Bunning-Bereuter-Blumenauer Flood Insurance Reform Act of 2004. In addition, FEMA amends the way it communicates changes to the Unallocated Loss Adjustment Expenses (ULAE) compensation rate to WYO Companies. Finally, FEMA revises the Arrangement to clarify situations when there are no funds available in the National Flood Insurance Fund (NFIF) to be drawn down through the company letter of credit. | |
Agency: Department of Homeland Security(DHS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 44 CFR 62 | |
Legal Authority: 42 USC 4001 et seq |
Legal Deadline:
None |
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Timetable:
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Additional Information: Docket ID FEMA-2008-0001 | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: www.regulations.gov | Public Comment URL: www.regulations.gov |
RIN Data Printed in the FR: No | |
Agency Contact: Edward L. Connor Federal Insurance and Mitigation Administration Department of Homeland Security Federal Emergency Management Agency 1800 South Bell Street, Arlington, VA 20598-3010 Phone:202 646-3429 Fax:202 646-7970 Email: edward.connor@fema.dhs.gov |