Federal Agencies Update Flood Insurance Regulation Q&As

Wednesday the five federal regulatory agencies issued jointly revised questions and answers (Q&As) regarding federal flood insurance law and regulations.

These Q&As replace those originally published by the agencies in 2009 and 2011 and consolidate Q&As proposed by the agencies in 2020 and 2021.

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According to a join release, the new Q&As “cover a broad range of technical flood insurance topics, including the escrow of flood insurance premiums, the detached structure exemption to the flood insurance purchase requirement, force placement procedures, and private flood insurance.”

Learn more HERE.

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