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FEMA/NFIP Issue Guidelines For Potential Flood Program Lapse

Shortly before Congress granted a short extension to the National Flood Insurance Program (NFIP), FEMA - which has ultimate authority for the program...
November 2, 2009

Shortly before Congress granted a short extension to the National Flood Insurance Program (NFIP), FEMA - which has ultimate authority for the program - issued instructions to agents who sell flood policies and Write Your Own (WYO) carriers. These instructions cover what to do in the event of a lapse in NFIP authority:

In the unlikely event that a hiatus occurs, the NFIP will not be able to: (a) issue new policies, (b) increase coverage on existing policies, or (c) issue renewal policies. Again, the Program is not likely to lapse, but as reauthorization dates approach, our partners need as much information as possible in order to effectively make decisions that will have the least amount of impact on their operations and, most importantly, their customers.

PIA National has issued a memo explaining what the FEMA/NFIP actions mean and the practices PIA agents need to adhere to in the event of an interruption in this program. Given the recent history of the NFIP in terms of reauthorization, the resources below might be worth holding on to should the program expire at some point in the future.

PIA National Overview and Practice Suggestions (10/28/09)

FEMA/NFIP Memo (10/27/09)

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