To authorize the Administrator of the Federal Emergency Management Agency to waive the 30-day waiting period for flood insurance policies purchased for private properties affected by wildfire on Federal lands.
About This Bill
Committee
Latest Action · October 1, 2012
Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
Amends the National Flood Insurance Act of 1968 to exempt from the statutory 30-day waiting period for a new contract for flood insurance coverage the initial purchase of flood insurance coverage for private property if: (1) the Administrator of the Federal Emergency Management Agency (FEMA) determines that the property is affected by flooding on federal land that is a result of, or is exacerbated by, post-wildfire conditions; and (2) such coverage was purchased within 60 days after the fire containment date relating to the wildfire that caused the post-wildfire conditions.
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