113 S2137 : To ensure that holders of flood insurance policies under the National Flood Insurance Program do not receive premium refunds for coverage of second homes. U.S. Senate text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
IC 113th CONGRESS2d Session S. 2137 IN THE HOUSE OF REPRESENTATIVES March 13, 2014 Referred to the Committee on Financial Services AN ACT To ensure that holders of flood insurance policies under the National Flood Insurance Program do not receive premium refunds for coverage of second homes.
1.
No refunds under National Flood Insurance Program for coverage of second homes
(a)
Definition
In this section, the term National Flood Insurance Program means the program established under the National Flood Insurance Act of 1968 (42 U.S.C. 4001 et seq.). (b)
No refunds for coverage of second homes
Notwithstanding section 3(a)(4) of the Homeowner Flood Insurance Affordability Act of 2014 or any other provision of law, in the case of flood insurance coverage under the National Flood Insurance Program for a residential property that is not the primary residence of an individual (as that term is used in section 1307(a)(2)(A) of the National Flood Insurance Act of 1968 (42 U.S.C. 4014(a)(2)(A))), the Administrator of the Federal Emergency Management Agency may not refund any premium for such coverage collected in excess of the rates required under the provisions of, and amendments made by, section 3 of the Homeowner Flood Insurance Affordability Act of 2014.
Passed the Senate March 13, 2014.Nancy Erickson,Secretary