1660-AA90 201804 Unified Agenda of Federal Regulatory and Deregulatory Actions 1660 Federal Emergency Management Agency FEMA 1600 Department of Homeland Security DHS National Flood Insurance Program (NFIP); Revisions to Methodology for Payments to Write Your Own Companies (WYO)

The Biggert-Waters Flood Insurance Reform Act of 2012 (BW12), section 100224(d) (42 U.S.C. 4081(note)) instructs the Federal Emergency Management Agency (FEMA) to issue a rule to formulate revised expense reimbursements to property and casualty insurance companies participating in the WYO Program for their expenses (including their operating and administrative expenses for adjustment of claims) in selling, writing, and servicing standard flood insurance policies, including how such companies shall be reimbursed in both catastrophic and noncatastrophic years. BW12 provides that such reimbursements shall be structured to ensure reimbursements track the actual expenses, including standard business costs and operating expenses, of such companies as closely as practicably possible.

]]> Economically Significant Previously Published in The Unified Agenda Prerule Stage Yes No Other 44 CFR 62 42 U.S.C. 4081(note) Statutory Final 07/06/2013 Not later than 12 months after the date of enactment of this Act [July 6, 2012], the Administrator shall issue a rule to formulate revised expense reimbursements to WYO companies Not later than 12 months after the date of enactment of this Act [July 6, 2012], the Administrator shall issue a rule to formulate revised expense reimbursements to property and casualty insurance companies participating in the Write Your Own program for their expenses (including their operating and administrative expenses for adjustment of claims) in selling, writing, and servicing policies. No ANPRM 05/00/2018 Undetermined Undetermined No No No No Claudia Murphy Policyholder Services Division 1660 Federal Emergency Management Agency FEMA 202 646-2775 claudia.murphy@fema.dhs.gov 400 C Street SW, Washington DC 20472