Sec. 4. Noncompliance
191 words·~1 min read·
/bill/114/hr/6434/ih/section-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If— upon the expiration of the 12-month period referred to section 2(a) of this Act, the Administrator has not issued the final rule required under such section 2(a), or upon the expiration of the 90-day period referred to in section 3(b) of this Act, the Administrator has not submitted to the Congress the methodology required under such section 3(b), subsection
(b)of this section shall take effect and shall apply until such final rule has been issued or such methodology has been submitted, as the case may be. During any period that this subsection is in effect— the Administrator may not reimburse, or otherwise provide any allowance, payment, or compensation for selling, writing, or servicing flood insurance policies, or adjusting flood insurance claims, including any allowance for profit, to any property and casualty insurance company participating in the Write Your Own program and shall withhold all amounts for such reimbursements, allowance, payments, and compensation; and any claim under a flood insurance policy serviced by an insurance company participating in the Write Your Own program shall be adjusted and serviced only by a direct servicing agent of the Federal Emergency Management Agency.