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Private Flood Insurance
Type: Regulation
Federal Register Document Type: Proposed
Description:
1. Amend FCA regulations to implement the private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act of 2012; 2. Require Farm Credit System (System) institutions to accept private flood insurance policies as defined in the Biggert-Waters Flood Insurance Reform Act; 3. Permit System institutions to accept private flood insurance policies that do not meet the statutory definition of private flood insurance on a discretionary basis; and 4. Permit System institutions to accept flood coverage issued by mutual aid societies, with the FCA’s approval.

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