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FLOOD08304
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FLOOD08304
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Last modified
1/25/2010 7:14:12 PM
Creation date
10/5/2006 3:31:34 AM
Metadata
Fields
Template:
Floodplain Documents
County
Statewide
Basin
Statewide
Title
Federal Emergency Management Agency
Date
5/1/1998
Prepared By
FEMA
Floodplain - Doc Type
Historic FEMA Regulatory Floodplain Information
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<br />561.16 <br /> <br />. <br /> <br />(b) Publication and Tequests for inter- <br />pretation. The Administrator shall. pur- <br />suant to these regulations from time to <br />time. issue interpretative rulings re- <br />garding the provisions of the Standard <br />Flood Insurance Policy. Such Interpre- <br />tations shall be published in the FED- <br />ERAL REGISTER, made a part of appen- <br />dix C to these regulations, and incor- <br />porated by reference as part of these <br />regulations. A:lly policyholder or per- <br />son in privity with a policyholder may <br />file a request for an interpretation in <br />writing with the Federal Insurance Ad- <br />ministration, Federal Emergency Man- <br />agement Agency, W"",n;ngton, DC <br />20472. <br /> <br />[43 FR 2570. Jan. 17, 19'78. Redesignated at 44 <br />FR 31177. May 31. 1979, as amended at 48 FR <br />39072, Aug. 29. 1983] <br /> <br />161.16 Probatiou additional premium. <br /> <br />The additional premium charged pur- <br />suant to S59.24(b) on each policy sold or <br />renewed within a community placed on <br />probation prior to October 1. 1992, is <br />$25.00. Where the community was <br />placed on probation on or after October <br />1, 1992, the additional premium charge <br />is $50.00.". <br /> <br />[50 FR 36026, Sept. 4. 1985. as amended at 57 <br />FR 1954l, May 7. 1992] <br /> <br />161.17 Group Flood lDsurlmce Polley. <br /> <br />(a) A Group Flood Insurance Policy <br />(GFIP) is a poliCY covering all individ- <br />uals named by a State as recipients <br />under S4ll of the Stafford Act (42 <br />U.S.C. 5178) of an Individual and Fam- <br />ily Grant (IFG) program award for <br />flood IlAm~e as a result of a Presi- <br />dential major disaster declaration, and, <br />as a one-time, pilot project. to recipi- <br />ents of the State of Alaska's own fully <br />funded disaster assistance program for <br />individuals and families suffering dam- <br />age from flOOding in September and Oc- <br />tober 1995. Alaska's disaster assistance <br />program is comparable to the IFG pr0- <br />gram in benefits and eligibility re- <br />quirements, including income levels. <br />The State of Alaska has also agreed to <br />provide information to the National <br />Flood Insurance Program (NFIP) in a <br />data format compatible with NFIP re- <br />quirements. The premium for the <br />GFIP, initially, is a flat fee of $2llO per <br />policyholder. Thereafter, the premium <br /> <br />. <br /> <br />4 <br /> <br />44 CFR Ch.1 (10+-97 Edition) <br /> <br />may be adjusted to reflect NFIP loss <br />experience and any adjustment of bene- <br />fits under the IFG program. The <br />amount of coverage shall be equivalent <br />to the m=imum grant amount estab- <br />lished under SUI. The term of the <br />GFIP shall be for 36 months and will <br />begin, for implementation with the <br />IFG program, 60 days from the date of <br />the disaster declaration. For FEMA's <br />pilot project with the State of Alaska, <br />the term of the three-year poliCY will <br />begin on May 1, 1996. On and after the <br />inception date of the GFIP, coverage <br />for IFG recipients or for recipients of <br />the one time pilot project of the GFIP <br />for the State of Alaska's own com- <br />parable fully funded, disaster assist- <br />ance program, will begin on the 30th <br />day after the NFIP receives the records <br />of GFIP insureds and their premium <br />. payments from the State. A Certificate <br />of Flood Insurance shall be sent to <br />each IFG recipient, and, for the one- <br />time pilot project in Alaska, to each <br />individual or family receiving a grant <br />from Alaska's own fully funded disas- <br />ter assistance program. <br />(b) The GFIP is the Standard Flood <br />Insurance Policy Dwelling Form (a <br />copy of which is included in Appendix <br />A(l) of this part), except that: <br />(1) The GFIP provides coverage for <br />losses caused by land subsidence, sewer <br />backup, or seepage of water without re- <br />gard to the requirement in paragraph <br />B.S. of Article S that the structure be <br />insured to 80 percent of its replacement <br />cost or the maYimum amount of insur- <br />ance available under the NFIP. <br />(2) Article 7. Deductibles, does nqt <br />apply to the GFIP. Instead, a speCial <br />deductible of S200 (applicable sepa- <br />rately to any building loss and any <br />contents loss) applies to insured flood- <br />IlAm~e losses sustained by the insured <br />property in the course of any subse- <br />quent flooding event during the term of <br />the GFIP. The separate deductible ap- <br />plicable to Article 3 B.S does not apply. <br />(S) Article 9 E., Cancellation of Pol- <br />icy By You, does not apply to the <br />GFIP. <br />(4) Article 9 G., Policy Renewal, does <br />not apply to the GFIP. <br />(c) A notice will be sent to the GFIP <br />certificate holders approximately 60 <br />days before the end of the S-year term <br /> <br />,",' ".' <br /> <br />.. <br />..' ....". <br /> <br />..:..... <br /> <br />". ,"." <br /> <br />". - - .. <br />..".. . <br /> <br />256 <br />
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