National Flood Insurance Program: Standard Flood Insurance Policy, Homeowner Flood Form

Activity

Mortgage Bankers Association filed 2 comments on this docket between Apr 8, 2024 and Apr 8, 2024. 6 other organizations filed here. The comment window closed 788d ago.

Abstract

The National Flood Insurance Program (NFIP), established pursuant to the National Flood Insurance Act of 1968, is a voluntary program in which participating communities adopt and enforce a set of minimum floodplain management requirements to reduce future flood damages. Property owners within participating communities are eligible to purchase NFIP flood insurance. This proposed rule would revise the Standard Flood Insurance Policy by adding a new Homeowner Flood Form and five accompanying endorsements. The new Homeowner Flood Form would replace the Dwelling Form as a source of coverage for homeowners of one-to-four family residences. Together, the new Homeowner Flood Form and endorsements would more closely align with property and casualty homeowners insurance and provide increased options and coverage in a more user-friendly and comprehensible format.

• Mortgage Bankers AssociationTHIS ORG

  2 filings · confidence 97%
• American Bankers Associationtrade assoc.

  2 filings · confidence 97%
• American Property Casualty Insurance Associationtrade assoc.

  1 filing · confidence 85%
• Environmental Defense Fundtrade assoc.

  1 filing · confidence 97%
• Institute for Policy Integrity at New York University School of Lawtrade assoc.

  1 filing · confidence 85%
• Kansas Bankers Associationtrade assoc.

  1 filing · confidence 85%
• National Association of Professional Insurance Agentstrade assoc.

  1 filing · confidence 85%