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Proposed Rule2024-022042024-02-06

National Flood Insurance Program: Standard Flood Insurance Policy, Homeowner Flood Form

Homeland Security Department, Federal Emergency Management Agency

Abstract

The National Flood Insurance Program (NFIP), established pursuant to the National Flood Insurance Act of 1968, is a voluntary program in which participating communities adopt and enforce a set of minimum floodplain management requirements to reduce future flood damages. Property owners within participating communities are eligible to purchase NFIP flood insurance. This proposed rule would revise the Standard Flood Insurance Policy by adding a new Homeowner Flood Form and five accompanying endorsements. The new Homeowner Flood Form would replace the Dwelling Form as a source of coverage for homeowners of one-to-four family residences. Together, the new Homeowner Flood Form and endorsements would more closely align with property and casualty homeowners insurance and provide increased options and coverage in a more user-friendly and comprehensible format.

Action & Dates

Action
Notice of proposed rulemaking.
Dates
Comments must be received on or before April 8, 2024.

CFR References

Topics

Flood insuranceReporting and recordkeeping requirements

Public Comment

Comments Close
2024-04-08

Document Excerpt

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of Homeland Security Federal Emergency Management Agency 44 CFR Part 61 [Docket ID FEMA-2024-0004] RIN 1660-AB06 AGENCY: Federal Emergency Management Agency, DHS. ACTION: Notice of proposed rulemaking. SUMMARY: The National Flood Insurance Program (NFIP), established pursuant to the National Flood Insurance Act of 1968, is a voluntary program in which participating communities adopt and enforce a set of minimum floodplain management requirements to reduce future flood damages. Property owners within participating communities are eligible to purchase NFIP flood insurance. This proposed rule would revise the Standard Flood Insurance Policy by adding a new Homeowner Flood Form and five accompanying endorsements. The new Homeowner Flood Form would replace the Dwelling Form as a source of coverage for homeowners of one-to-four family residences. Together, the new Homeowner Flood Form and endorsements would more closely align with property and casualty homeowners insurance and provide increased options and coverage in a more user-friendly and comprehensible format. DATES: Comments must be received on or before April 8, 2024. ADDRESSES: You may submit comments, identified by Docket ID FEMA-2024-0004, via the Federal eRulemaking Portal: http://www.regulations.gov . Follow the instructions for submitting comments. FOR FURTHER INFORMATION CONTACT: Kelly Bronowicz, Product and Policy Development Division Director, Federal Insurance Directorate, Resilience, (202) 646-2559, FEM

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Related Documents

Other Federal Register documents from the same docket.

Full Document

Citation: 89 FR 8282