Search FCS
Online Library Subscribe Newsletter Sign-Up Sign In
 

Overview of the NFIP Program

This article explains the development of the NFIP, changes over time, and how it works.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Summary: The National Flood Insurance Program (NFIP), created by the National Flood Insurance Act (NFIA) of 1968 and administered by the Federal Emergency Management Agency (FEMA), was put in place to provide flood insurance to eligible insureds. Following is an overview of the background, rules, and rating of the program, as well as a brief discussion of recent related legislature and case law. The NFIP Manual has been revised as of April 1, 2021. Rates have been revised; rates will increase effective October 1 2021 for new policies and on April 1, 2022 for the remaining policies. The manual can be found here. The How to Write section can be found on page 53, and the Preferred Rating Plan can be found on page 86.

Topics covered:

This premium content is locked for
FC&S Expert Coverage Interpretation subscribers.

Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.

  • Quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

FC&S Editors

 

Get Answers Directly From the FC&S Experts

Submit your coverage interpretation question to the editors of FC&S for quick and reliable information.

Question of the Week

Insurance Coverage Q&A: When the Rug Needs to Dry ›

When the drying process of an oriental rug leads to damage, is there coverage?

Question of the Week Archive ›

Weekly Highlights

Emerging Risks ›
Litigation Watch ›
Fraud of the Week ›

Fast Things You Need To Know

Copyright © 2024 ALM Global, LLC. All Rights Reserved.