H.R. 5608 would prohibit the Federal Emergency Management Agency (FEMA) from restricting private insurance companies that participate in the Write Your Own Program—a federal system where private insurers sell and manage flood insurance policies—from also offering competing private flood insurance products. Currently, these companies may be prevented from selling private alternatives alongside the government-backed National Flood Insurance Program policies. The bill would eliminate any non-compete clauses or restrictions that FEMA includes in agreements with participating insurers, agents, brokers, and adjustment organizations. This change would allow private insurance companies greater flexibility to offer consumers more options for flood coverage in the marketplace. The bill affects FEMA, private insurance companies operating under the Write Your Own Program, and homeowners seeking flood insurance, but includes no specific funding appropriations or implementation timelines.
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