Sec. 110. Voluntary community-based flood insurance pilot program
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The Administrator of the Federal Emergency Management Agency (in this section referred to as the Administrator ) may carry out a community-based flood insurance pilot program to make available, for purchase by participating communities, a single, community-wide flood insurance policy under the National Flood Insurance Program that— covers all residential and non-residential properties within the community; and satisfies, for all such properties within the community, the mandatory purchase requirements under section 102 of the Flood Disaster Protection Act of 1973 ( 42 U.S.C. 4012a ).
Participation by a community in the pilot program under this section shall be entirely voluntary on the part of the community. The Administrator shall ensure that a community-wide flood insurance policy made available under the pilot program under this section incorporates the following requirements: A mapping requirement for properties covered by the policy. A cap on premiums. A deductible. Certification or accreditation of mitigation infrastructure when available and appropriate.
A community audit. The Community Rating System under section 1315(b) of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4022(b) ). A method of preventing redundant claims payments by the National Flood Insurance Program in the case of a claim by an individual property owner who is covered by a community-wide flood insurance policy and an individual policy obtained through the Program. Coverage for damage arising from flooding that complies with the standards under the National Flood Insurance Program appropriate to the nature and type of property covered.
The Administrator may establish the demonstration program under this section not later than the expiration of the 180-day period beginning on the date of the enactment of this Act and the program shall terminate on September 30, 2022. For purposes of this section, the term community means any unit of local government, within the meaning given such term under the laws of the applicable State.
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