[Federal Register Volume 67, Number 154 (Friday, August 9, 2002)]
[Rules and Regulations]
[Pages 51768-51769]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-20152]


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FEDERAL EMERGENCY MANAGEMENT AGENCY

44 CFR Part 62

RIN 3067-AD30


National Flood Insurance Program (NFIP); Assistance to Private 
Sector Property Insurers

AGENCY: Federal Emergency Management Agency (FEMA).

ACTION: Final rule.

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SUMMARY: We (the Federal Insurance and Mitigation Administration of 
FEMA) are changing the effective date of the Financial Assistance/
Subsidy Arrangement (``the Arrangement'') to October 1, 2002. The 
Arrangement defines the duties and responsibilities of insurers that 
sell and service flood insurance under the Write Your Own

[[Page 51769]]

program. It also identifies the responsibilities of the Government to 
provide financial and technical assistance to these insurers.

EFFECTIVE DATE: October 1, 2002.

FOR FURTHER INFORMATION CONTACT: Edward L. Connor, Federal Emergency 
Management Agency, Federal Insurance and Mitigation Administration, 
(202) 646-3429, (facsimile) (202) 646-3445, or (email) 
[email protected].

SUPPLEMENTARY INFORMATION: On August 6, 2001, we published in the 
Federal Register (Vol. 66, No. 151, page 40916) a final rule that 
adjusted the expense allowance under the Arrangement to reflect more 
accurately the costs of the private insurers that sell and service 
flood insurance under the Arrangement. That rule also revised the 
effective date of the Arrangement.
    This final rule revises the effective date of the Arrangement to 
agree with the new Arrangement year that begins October 1. 2002. We are 
not making any other changes to the Arrangement for fiscal year 2003.

National Environmental Policy Act

    The requirements of 44 CFR part 10, Environmental Consideration, 
categorically exclude this final rule. We have not prepared an 
environmental impact assessment.

Executive Order 12866, Regulatory Planning and Review

    This final rule is not a significant regulatory action within the 
meaning of Sec. 2(f) of E.O. 12866 of September 30, 1993, 58 FR 51735, 
but attempts to adhere to the regulatory principles set forth in E.O. 
12866. The Office of Management and Budget has not reviewed this final 
rule under E.O. 12866.

Paperwork Reduction Act

    This final rule does not contain a collection of information and is 
therefore not subject to the provisions of the Paperwork Reduction Act.

Executive Order 13132, Federalism

    This final rule involves no policies that have federalism 
implications under E.O. 13132, Federalism.

Executive Order 12778, Civil Justice Reform

    This final rule meets the applicable standards of Sec. 2(b)(2) of 
E.O. 12778.

List of Subjects in 44 CFR Part 62

    Flood insurance.

    Accordingly, we amend 44 CFR Part 62 as follows:

PART 62--SALE OF INSURANCE AND ADJUSTMENT OF CLAIMS

    1. The authority citation for part 62 continues to read as follows:

    Authority: 42 U.S.C. 4001 et seq.; Reorganization Plan No. 3 of 
1978, 43 FR 41943, 3 CFR, 1978 Comp., p. 329; E.O. 12127 of Mar. 31, 
1979, 44 FR 19367, 3 CFR, 1979 Comp., p. 376.


    2. In appendix A to part 62, revise the Effective Date to read as 
follows:

Appendix A to Part 62--Federal Emergency Management Agency, Federal 
Insurance Administration, Financial Assistance/Subsidy Arrangement

* * * * *
    Effective Date: October 1, 2002.
* * * * *
(Catalog of Federal Domestic Assistance No. 83.100, ``Flood 
Insurance''; No. 83.516, ``Disaster Assistance'')

    Dated: July 30, 2002.
Howard Leikin,
Deputy Administrator for Insurance, Federal Emergency Management 
Agency.
[FR Doc. 02-20152 Filed 8-8-02; 8:45 am]
BILLING CODE 6718-03-P