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.
Status:
Expired
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