To amend the National Flood Insurance Act of 1968 to allow for the consideration of private flood insurance for the purposes of applying continuous coverage requirements, and for other purposes.
Summary
What This Bill Does
This bill amends section 1308 of the National Flood Insurance Act to clarify how continuous flood-insurance coverage is counted. For statutory, regulatory, or administrative continuous-coverage requirements, including section 1307(g)(1), the FEMA Administrator must count periods when a property was continuously covered by a flood insurance policy offered either through the National Flood Insurance Program or the private market, if the policy was used to satisfy mandatory purchase requirements under the Flood Disaster Protection Act. The change prevents a property owner from losing continuous-coverage status solely because coverage came from private flood insurance rather than NFIP coverage.
Who Benefits and How
Property owners benefit because qualifying private flood insurance can preserve continuous-coverage status. Mortgage borrowers in flood zones benefit if they can use private coverage without losing treatment under NFIP continuous-coverage rules. Private flood insurers benefit because their policies become less risky substitutes for NFIP coverage when borrowers need to maintain coverage history. Mortgage lenders benefit from clearer treatment of policies used to satisfy mandatory purchase requirements.
Who Bears the Burden and How
FEMA and NFIP administrators must update guidance, underwriting rules, and systems so private-policy coverage periods are counted correctly. Insurance agents and lenders must document whether private policies satisfied Flood Disaster Protection Act purchase requirements. NFIP pricing or eligibility decisions may require additional coverage-history verification. Federal taxpayers may bear program risk if the change affects NFIP participation or premium patterns.
Key Provisions
- Requires FEMA to count qualifying private flood insurance periods as continuous coverage.
- Applies the rule to statutory, regulatory, and administrative continuous-coverage requirements.
- Includes continuous-coverage rules under National Flood Insurance Act section 1307(g)(1).
- Limits the credit to private policies used to satisfy mandatory purchase requirements under the Flood Disaster Protection Act.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
Requires FEMA to treat qualifying private flood insurance as continuous coverage when applying National Flood Insurance Program continuous-coverage requirements, including section 1307(g)(1) rules.
Key Policy Areas
Flood Insurance, Housing, Insurance, FEMA
Primary Purpose
Requires FEMA to treat qualifying private flood insurance as continuous coverage when applying National Flood Insurance Program continuous-coverage requirements, including section 1307(g)(1) rules.
Policy Domains
Substantive provisions
Identified Gains
- Property owners
- Mortgage borrowers
- Private flood insurers
- Mortgage lenders
Identified Costs
- FEMA administrators
- NFIP administrators
- Insurance agents
- Mortgage lenders
- Federal taxpayers
Sponsors
Legislative Progress
In CommitteeMs. Castor of Florida (for herself and Ms. Salazar) introduced …
Referred to the House Committee on Financial Services.
Introduced in House
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Mortgage lenders, Private flood insurers
Positive-direction: Private flood insurers
Negative-direction: Mortgage lenders
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "FEMA"
- → Federal Emergency Management Agency
- "NFIP"
- → National Flood Insurance Program
Key Definitions
Terms defined in this bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology