Flood Insurance Market Parity and Modernization Act

Summary

Flood Insurance Market Parity and Modernization Act This bill amends the Flood Disaster Protection Act of 1973 to make technical amendments to requirements for flood insurance under either the federal program or private flood insurance. "Private flood insurance" shall include, in addition to a policy issued by a company licensed, admitted, or otherwise approved by the state (as in current law), any policy issued by an insurance company eligible as a nonadmitted insurer to provide flood insurance in the state or jurisdiction where the property to be insured is located. The flood insurance program under the Act, including both private and federal flood insurance, shall extend to Puerto Rico, Guam, the Northern Mariana Islands, the Virgin Islands, and American Samoa. The National Flood Insurance Act of 1968 is amended to direct the Federal Emergency Management Agency to consider any period during which a property was continuously covered by private flood insurance to be a period of continuous insurance coverage.

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Documents

11 official files

• Referred in Senate (text)

  Referred in Senate · EN · 9 May 2016

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• Referred in Senate (PDF)

  Referred in Senate · EN · 9 May 2016

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• Engrossed in House (text)

  Engrossed in House · EN · 28 April 2016

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• Engrossed in House (PDF)

  Engrossed in House · EN · 28 April 2016

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• Passed House amended

  summary · EN · 28 April 2016

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• Reported in House (text)

  Reported in House · EN · 26 April 2016

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• Reported in House (PDF)

  Reported in House · EN · 26 April 2016

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• Reported to House with amendment(s)

  summary · EN · 26 April 2016

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• Introduced in House (text)

  Introduced in House · EN · 25 June 2015

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• Introduced in House (PDF)

  Introduced in House · EN · 25 June 2015

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• Introduced in House

  summary · EN · 25 June 2015

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