Sec. 2. Implementation of oversight and expense reimbursement provisions for Write Your Own insurers
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Not later than the expiration of the 12-month period beginning on the date of the enactment of this Act, the Administrator of the Federal Emergency Management Agency (in this Act referred to as the Administrator ) and each property and casualty insurance company participating in the Write Your Own program (as such term is defined in section 100202 of the Biggert-Waters Flood Insurance Reform Act of 2012 ( 42 U.S.C. 4004 )), as applicable, shall comply with and complete all requirements under subsections
(a)through
(e)of section 100224 of the Biggert-Waters Flood Insurance Reform Act of 2012 ( 42 U.S.C. 4081 note), as amended by section 3(a) of this Act, including issuing a final rule under subsection
(d)of such section 100224, notwithstanding any period of time specified in such section 100224. The Administrator shall take such actions as may be necessary to ensure such compliance. Paragraph
(1)of section 100224(f) of the Biggert-Waters Flood Insurance Reform Act of 2012 ( 42 U.S.C. 4081 note) is amended by inserting of this section and section 2(a) of the before the first comma. Flood Insurance Reimbursement Standards Transparency Cap Profits Act of 2016
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Sec. 2
Implementation of oversight and expense reimbursement provisions for Write Your Own insurers
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