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U.S.C.
Notes

§4051. Industry flood insurance pool; requirements for participation — Inbound Citations

42 U.S.C. § 4051

Cited by 5 provisions in release 119-102.

Citations to 42 U.S.C. § 4051 as a whole

  • 42 U.S.C. § 4013(a)
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    (a) The Administrator shall from time to time, after consultation with the advisory committee authorized under section 4025 of this title, appropriate representatives of the pool formed or otherwise created under section 4051 of this title, and appropriate representatives of the insurance authorities of the respective States, provide by regulation for general terms and conditions of insurability which shall be applicable to properties eligible for flood insurance coverage under section 4012 of this title, including—
    (1) the types, classes, and locations of any such properties which shall be eligible for flood insurance;
    (2) the nature and limits of loss or damage in any areas (or subdivisions thereof) which may be covered by such insurance;
    (3) the classification, limitation, and rejection of any risks which may be advisable;
    (4) appropriate minimum premiums;
    (5) appropriate loss-deductibles; and
    (6) any other terms and conditions relating to insurance coverage or exclusion which may be necessary to carry out the purposes of this chapter.
  • 42 U.S.C. § 4054(a)
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    (a) The Administrator, on such terms and conditions as he may from time to time prescribe, shall make periodic payments to the pool formed or otherwise created under section 4051 of this title, in recognition of such reductions in chargeable premium rates under section 4015 of this title below estimated premium rates under section 4014(a)(1) of this title as are required in order to make flood insurance available on reasonable terms and conditions.
  • 42 U.S.C. § 4055(a)(1)
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    (1) The Administrator is authorized to take such action as may be necessary in order to make available, to the pool formed or otherwise created under section 4051 of this title, reinsurance for losses (due to claims for proved and approved losses covered by flood insurance) which are in excess of losses assumed by such pool in accordance with the excess loss agreement entered into under subsection (c).
  • 42 U.S.C. § 4082(a)
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    (a) In order to provide for maximum efficiency in the administration of the flood insurance program and in order to facilitate the expeditious payment of any Federal funds under such program, the Administrator may enter into contracts with pool formed or otherwise created under section 4051 of this title, or any insurance company or other private organizations, for the purpose of securing reinsurance of insurance coverage provided by the program or for the purpose of securing performance by such pool, company, or organization of any or all of the following responsibilities:
    (1) Estimating and later determining any amounts of payments to be made.
    (2) Receiving from the Administrator, disbursing, and accounting for funds in making such payments.
    (3) Making such audits of the records of any insurance company or other insurer, insurance agent or broker, or insurance adjustment organization as may be necessary to assure that proper payments are made.
    (4) Placing reinsurance coverage on insurance provided by such program.
    (5) Otherwise assisting in such manner as the contract may provide to further the purposes of this chapter.

Citations to §4051(b)