§4071. Federal operation of program; determination by Administrator; fiscal agents; report to Congress — Inbound Citations
42 U.S.C. § 4071
Cited by 3 provisions in release 119-102.
Citations to 42 U.S.C. § 4071 as a whole
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(d) In the event the Administrator makes a determination in accordance with the provisions of section 4071 of this title that operation of the flood insurance program, in whole or in part, should be carried out through the facilities of the Federal Government, the fund shall be available for all purposes incident thereto, including—(1) cost incurred in the adjustment and payment of any claims for losses, and(2) payment of applicable operating costs set forth in the schedules prescribed under section 4018 of this title,for so long as the program is so carried out, and in such event any premiums paid shall be deposited by the Administrator to the credit of the fund.
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Following such consultation with representatives of the insurance industry as may be necessary, the Administrator shall implement the flood insurance program authorized under subchapter I in accordance with the provisions of part A of this subchapter and, if a determination is made by him under section 4071 of this title, under part B of this subchapter.
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In the event the program is carried out as provided in section 4071 of this title, the Administrator shall be authorized to adjust and make payment of any claims for proved and approved losses covered by flood insurance, and upon the disallowance by the Administrator of any such claim, or upon the refusal of the claimant to accept the amount allowed upon any such claim, the claimant, within one year after the date of mailing of notice of disallowance or partial disallowance by the Administrator, may institute an action against the Administrator on such claim in the United States district court for the district in which the insured property or the major part thereof shall have been situated, and original exclusive jurisdiction is hereby conferred upon such court to hear and determine such action without regard to the amount in the controversy.