Congress reauthorizes NFIP…for now

by Gary Taylor

In my March 30 post I reported the news that Congress had allowed the National Flood Insurance Rate program to lapse, meaning that no new NFIP policies could be issued, existing NFIP polices due for renewal after lapse could not be renewed, and increased coverage requests could not be processed.

On April 16, 2010, Congress passed and the President signed H.R. 4851, which extends the NFIP through May 31, 2010. The extension was retroactive to February 28, 2010. 

A FEMA memo on the extension of the grace period for policies that lapsed between March 29 and April 15 can be found here.

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