[Federal Register Volume 76, Number 145 (Thursday, July 28, 2011)]
[Notices]
[Page 45281]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-19043]


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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

[Docket ID FEMA-2011-0020]


National Flood Insurance Program (NFIP); Assistance to Private 
Sector Property Insurers, Availability of FY2012 Arrangement

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Notice.

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SUMMARY: Each year, the Federal Emergency Management Agency (FEMA) is 
required by the Write-Your-Own (WYO) Program Financial Assistance/
Subsidy Arrangement (Arrangement) to notify private insurance companies 
(Companies) and to make available to the Companies the terms for 
subscription or re-subscription to the Arrangement. In keeping with 
that requirement, this notice provides the terms to the Companies to 
subscribe or re-subscribe to the Arrangement.

FOR FURTHER INFORMATION CONTACT: Edward L. Connor, DHS/FEMA, 1800 South 
Bell Street, Room 720, Arlington, VA 20598-3020, 202-646-3429 (phone), 
202-646-3445 (facsimile), or [email protected] (e-mail).

SUPPLEMENTARY INFORMATION: Under the Write-Your-Own (WYO) Program 
Financial Assistance/Subsidy Arrangement (Arrangement), 87 (as of July 
1, 2011) private sector property insurers issue flood insurance 
policies and adjust flood insurance claims under their own names based 
on an Arrangement with the Federal Insurance Administration (FIA) 
published at 44 CFR Part 62, appendix A. The WYO insurers receive an 
expense allowance and remit the remaining premium to the Federal 
Government. The Federal Government also pays flood losses and pays loss 
adjustment expenses based on a fee schedule. In addition, under certain 
circumstances reimbursement for litigation costs, including court 
costs, attorney fees, judgments, and settlements, are paid by the FIA 
based on documentation submitted by the WYO insurers. The complete 
Arrangement is published in 44 CFR Part 62, appendix A. Each year, FEMA 
is required to publish in the Federal Register and make available to 
the Companies the terms for subscription or re-subscription to the 
Arrangement.
    There have been no changes to the Arrangement this year.
    During August 2011, FEMA will send a copy of the offer for the 
FY2012 Arrangement, together with related materials and submission 
instructions, to all private insurance companies participating under 
the current FY2011 Arrangement. Any private insurance company not 
currently participating in the WYO Program but wishing to consider 
FEMA's offer for FY2012 may request a copy by writing: DHS/FEMA, 
Federal Insurance and Mitigation Administration, Attn: Edward L. 
Connor, WYO Program, 1800 South Bell Street, Room 720, Arlington, VA 
20598-3020, or contact Edward Connor at 202-646-3445 (facsimile), or 
[email protected] (e-mail).

Edward L. Connor,
Deputy Federal Insurance and Mitigation Administrator, Insurance 
National Flood Insurance Program, Federal Emergency Management Agency, 
Department of Homeland Security.
[FR Doc. 2011-19043 Filed 7-27-11; 8:45 am]
BILLING CODE 9110-11-P