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FEMA/NFIP Issues WYO Program Bulletins

FEMA and the National Flood Insurance Program have issued two program bulletins...
December 16, 2014

FEMA and the National Flood Insurance Program (NFIP) have issued two program bulletins. "Clarification Regarding Improvements and Betterments Coverage" w-14059 clarifies landlord and tenant coverage for improvements and betterments under the Standard Flood Insurance Policy (SFIP). "Agent Transfers of Business from One Insurer to Another" w-14060 provides additional guidance and clarifications to underwriting procedures for a transfer of business, when agents or producers move any or all of their existing book(s) of business from one insurer to another.

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