Flood insurance and crime and riot insurance: hearing before the Subcommittee on Insurance of the Committee on Banking, Housing, and Urban Affairs, United States Senate, Ninety-sixth Congress, second session ... February 28, 1980
United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Insurance
U.S. Government Printing Office, 1980 - Flood insurance - 515 pages
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action additional Administrator agencies amendment amount application areas arson assistance Association authority building California catastrophic cities claims Committee communities companies Congress construction continue contract cost coverage crime insurance damage direct disaster effect effort emergency encourage established excess existing experience FAIR Plan Federal Insurance Federal Insurance Administration Federal riot reinsurance fire flood insurance program flood proofing floodplain funds going hazard mitigation Holtzman homeowners housing implementation increase insurance companies insurance industry insurance program interest involvement issue Jimenez land legislation lines loan losses means million Mississippi natural offer Office operation owners participating payments percent Plaintiffs policies premium present problem property insurance protection questions rates reasonable regulations relocation respect response result riot reinsurance program risk Senator Stewart standards statement structures termination underwriting United urban victims York
Page 109 - Secretary shall from time to time develop comprehensive criteria designed to encourage, where necessary, the adoption of adequate State and local measures which, to the maximum extent feasible, will — (1) constrict the development of land which is exposed to flood damage where appropriate, (2) guide the development of proposed construction away from locations which are threatened by flood hazards, (3) assist in reducing damage caused by floods, and (4) otherwise improve the long-range land management...
Page 254 - ... such property. (d) Coverage provided under the deemer or binder provisions of the Plan shall be at the normal rates for the class of property to be insured, exclusive of any surcharge, but shall be subject to an appropriate premium adjustment, if necessary, after the property has been inspected. (e) It is expected that no policyholder will be without coverage following a cancellation or nonrenewal under the Plan or otherwise, due solely to delays in inspecting and placing the risk under the Plan,...
Page 92 - Facilities must avoid, to the extent possible, the long- and short-term adverse impacts associated with the occupancy and modification of floodplains and wetlands, and avoid direct or indirect support of floodplain and wetland development whenever there is a practicable alternative.
Page 246 - Act" means the Urban Property Protection and Reinsurance Act of 1968, codified as title XII of the National Housing Act (12 USC 1749bbb— 1749bbb-21), which authorized the program. Section references are to the National Housing Act; (b) "Administrator...
Page 467 - Accordingly, the accompanying financial statements are not intended to present financial position and results of operations in conformity with generally accepted accounting principles.
Page 258 - The first such report shall include copies of all previously published annual and interim reports not already furnished to the Administrator. Subsequent reports shall include any additional printed or published report under the Plan. (d) For periods beginning on and after January 1, 1970, each placement facility under the Plan shall also provide the Administrator with quarterannual reports of its current operations on Form HUD-1603, which the Administrator shall furnish to the facility. Such reports...
Page 251 - Insurer participation and placement program. (a) The Plan's placement program may take any of a variety of forms; for example, it may involve a syndicated or direct writing pool, an assigned risk facility, a reinsurance pool or association, or combinations of the foregoing. (b) The Plan shall not discriminate against, shall provide for full cooperation with, and shall seek cooperation from all agents and brokers licensed to write property lines in the State. The inclusion of agents and brokers on...
Page 44 - Mr. Chairman and members of the Committee. I am honored to appear before you today to discuss the President's FY 2003 budget for the Department of Health and Human Services (HHS).
Page 248 - urban area" includes any municipality or other political subdivision of a State, subject to population or other limitations defined in rules and regulations of the Secretary and such additional areas as may be designated by the State insurance authority; and (16) "year...