Notwithstanding any other provision of law, in addition to any other disclosures that may be required, each policy under the National Flood Insurance Program shall state all conditions, exclusions, and other limitations pertaining to coverage under the subject policy, regardless of the underlying insurance product, in plain English, in boldface type, and in a font size that is twice the size of the text of the body of the policy.
The Administrator may impose a civil penalty of not more than $50,000 on any person that fails to comply with subsection (a).
42 U.S.C. § 4013a
EDITORIAL NOTES
CODIFICATIONSection was enacted as part of the Biggert-Waters Flood Insurance Reform Act of 2012, and also as part of the Moving Ahead for Progress in the 21st Century Act, also known as the MAP-21, and not as part of the National Flood Insurance Act of 1968 which comprises this chapter.
STATUTORY NOTES AND RELATED SUBSIDIARIES
DEFINITIONSFor definitions of terms used in this section, see section 4004 of this title.
- Administrator
- the term "Administrator" means the Administrator of the Federal Emergency Management Agency;
- person
- the term "person" includes any individual or group of individuals, corporation, partnership, association, or any other organized group of persons, including State and local governments and agencies thereof;