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More Flood Insurance Options: Ending Monopoly for Private Companies.

This bill aims to increase the availability of private flood insurance. Companies currently working with the government program will be able to offer their own policies, potentially giving citizens more choice and better insurance terms.
Key points
Insurance companies can now sell private flood insurance policies even if they participate in the government's flood insurance program.
The government can no longer prevent companies from offering private flood insurance as a condition of participating in the federal program.
Citizens will have more options for flood insurance, potentially leading to increased competition and better offers.
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Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_2913
Sponsor: Sen. Scott, Rick [R-FL]
Process start date: 2021-09-30
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A bill to ensure that Write Your Own companies can sell private flood insurance products that compete with National Flood Insurance Program products.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2913.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-09-30.

What are the main provisions?

Key points include:

  • Insurance companies can now sell private flood insurance policies even if they participate in the government's flood insurance program.
  • The government can no longer prevent companies from offering private flood insurance as a condition of participating in the federal program.
  • Citizens will have more options for flood insurance, potentially leading to increased competition and better offers.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Scott, Rick [R-FL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Real Estate Economy