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DHS/FEMA RIN: 1660-AB16 Publication ID: Fall 2024 
Title: ●National Flood Insurance Program Installment Payment Plan 
Abstract:

The National Flood Insurance Program (NFIP) is a voluntary program in which interested persons can purchase flood insurance for their property, if it is located in a community that participates in the NFIP by adopting and enforcing a set of minimum floodplain management requirements to reduce future flood damages.  FEMA is revising the NFIP’s regulations to offer NFIP policyholders the option of paying their annual flood insurance premium in monthly installments.

 
Agency: Department of Homeland Security(DHS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 44 CFR 61.4    44 CFR 61.10    44 CFR 62.23   
Legal Authority: 42 U.S.C. 4001 et seq.   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Final Rule  11/01/2024  89 FR 87299   
Final Rule Effective  12/31/2024 
Additional Information: Docket ID: FEMA-2024-0030
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Federal 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.regulations.gov  
Initial (Administrative Startup and /or Capital) Cost: $11,000,000  Yearly (Annual Operating) Cost: $2,000,000 
Base Year of the Dollar Estimates: 2023  RIN Data Printed in the FR: No 
Agency Contact:
Kelly Bronowicz
Policyholder Services Division
Department of Homeland Security
Federal Emergency Management Agency
400 C Street SW,
Washington, DC 20472
Phone:202 646-2559
Email: fema-nfip-federal-insurance-policy@fema.dhs.gov