NEWS

NFIP Reauthorization Lapse

Jun 1, 2010 | News & Views

The NFIP was not reauthorized by Congress by midnight of May 31, 2010. Therefore, the Program will experience a hiatus – a period without authority to:

issue new policies for which application and premium payment dates are on or after June 1, 2010, or

issue increased coverage on existing policies for which endorsement and premium payment dates are on or after June 1, 2010, or

issue renewal policies for which the renewal premium is received by the company on or after June 1, 2010, and after the end of the 30-day renewal grace period, until Congress reauthorizes the Program.

FEMA’s NFIP Bulletin W-10063 Guidance on NFIP Program Lapse May 28, 2010
All of FEMA’s NFIP Bulletins can be found on our Working with Congress webpage.

Author