FLOOD09627 - Laserfiche WebLink

Home Browse Search

addltlonal premium of $25000 shall charged on each such policy Inltial- Issued, based upon the submission the applicant of an application for lod iT'.surance. or renewed, based ,on the policyholder's response toa m-around renewal premium notice policyholder application notice, xing the one-year period beginning , the date the community Is placed , probation and during any succes- 'e one year periods during which the mmunity remains on probation for y part thereof. 'c) A community eligible for the sale flood Insurance which falls to ade- lately enforce Its flood plain man- ement regulations meeting the mini- CUll requirements set forth In AI 60.3, A and/or 60.5 and does not 'correct Program deficiencies and remedy , \10lations to the maximum extent sslble In accordance with compll- ce deadlines established during a rlod of probation shall be subject to spenslon of Its Program ellglbilltyo 1der such clrcwnstances, the Admln- ,rator shall grant the community 30 ,ys in which to show cause Why It ould not be suspended. The Admln- rator may conduct a hearing, wrlt- tl or oral, before commencing 808- nslve action. If a community Is to be spended, the Administrator shall [arm it upon 30 days prior written ,tlce and upon publlcaticn In the :DERAL REGISTER under Part 64 of Is snbchapter of Its loss of eligibility r the sale of flood Insurance. In the ent of impending suspension, the lministrator shB.11 issue a press re- lSe to the local media explaining the asons and effects of the suspension. 1e community's eligibility shall only' reinstated by the Administrator Ion his receipt of a ,local legislative executive measure reaffirming the mmunity's formal Intent to ade- lately enforce the flood plain man- ement requirements of this subpart, ether with evidence of action taken the community to correct Program ficlencles and remedy to the maxl- extent possible those violations fch caused the suspension. In ccr- cases, the Administrator, In order evaluate the conununity's perform- ce under the terms of Its submls- n, may withhold reinstatement for a period not to exceed one year from the date of his receipt of the satisfac- tory submission or place the communi- ty on probation as provided for In paragraph (b) of this section. (d) A community eligible for the sale of flood Insurance which repeals Its flood plain management regulations, allows Its regulations to lapse, or amends Its regulations so that they no longer meet the minimum'. require- ments set forth In AI 6003, 60:4 and/or 60.5 shall be suspended from the Pro- gramo If a community Is to be suspend- . ed, the Administrator shall Inform It upon 30 days prior written notice and upon publication In the FEDERAL REG- ISTEIl under Part 64 of this subchapter of Its loss of eligibility for the sale of flood Insurance. The community ellgl- blllty shall remain terminated after suspension until copies of adequate flood plain management regulations have been received and approved by the Administrator. (e) A community eligible for the sale of flood insurance may withdraw from the Program by submitting to the Ad- 'mlnlstrator a copy of a legislative action that explicitly states It.;; desire to withdraw from the National Flood Insurance Program. Upon receipt of a certified COpy of a final legislative action, the Administrator shall with- draw the community from the Pro- gram and publish In the FEDERAL REG- ISTER under Part 64 ,of this subchapter Its loss of eligibility for the sale of flood insUrance. A community that has withdrawn from the Program may be reinstated If its submits the applica- tion materials specified in ~ 59.22(a). (f) If during a period of Inellglblllty under paragraphs (a), (d), or (e) of this section. a community has pennitted actions to take place that have aggra- vated existing flood plain, mudsllde (i.e., mudflow) and/or flood related erosion hazards, the Administrator may withhold reinstatement until the community submits evidence that It has taken action to remedy to the maximum extent possible the in- creased hazards. The Administrator may also place the reinstated COmmu- nity on probation as provided for In paragraph (b) of this section. (g) The Administrator shall prompt- ly notify the servicing company and 258