Sec. 1. Short title and table of contents
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This Act may be cited as the . 21st Century Flood Reform Act The table of contents for this Act is as follows: Sec. 1. Short title and table of contents. Title I—Policyholder protections and information Sec. 101. Extension of National Flood Insurance Program. Sec. 102. Annual limitation on premium increases. Sec. 103. Flood insurance affordability program. Sec. 104. Disclosure of premium methodology. Sec. 105. Consideration of coastal and inland locations in premium rates. Sec. 106.
Monthly installment payment of premiums. Sec. 107. Enhanced clear communication of flood risks. Sec. 108. Availability of flood insurance information upon request. Sec. 109. Disclosure of flood risk information upon transfer of property. Sec. 110. Voluntary community-based flood insurance pilot program. Sec. 111. Use of replacement cost in determining premium rates. Sec. 112. Cap on premiums. Sec. 113. Premium rates for certain mitigated properties. Sec. 114. Study of flood insurance coverage for units in cooperative housing.
Sec. 115. Pilot program for properties with preexisting conditions. Sec. 116. Federal Flood Insurance Advisory Committee. Sec. 117. Interagency guidance on compliance. Sec. 118. GAO study of claims adjustment practices. Sec. 119. GAO study of flood insurance coverage treatment of earth movement. Sec. 120. Definitions. Title II—Increasing consumer choice through private market development Sec. 201. Private flood insurance. Sec. 202. Opt-out of mandatory coverage requirement for commercial properties.
Sec. 203. Elimination of non-compete requirement. Sec. 204. Public availability of program information. Sec. 205. Refund of premiums upon cancellation of policy because of replacement with private flood insurance. Sec. 206. GAO study of flood damage savings accounts. Sec. 207. Demonstration program for flood damage savings accounts. Title III—Mapping fairness Sec. 301. Use of other risk assessment tools in determining premium rates. Sec. 302. Appeals regarding existing flood maps.
Sec. 303. Appeals and publication of projected special flood hazard areas. Sec. 304. Communication and outreach regarding map changes. Sec. 305. Sharing and use of maps and data. Sec. 306. Community flood maps. Title IV—Protecting consumers and individuals through improved mitigation Sec. 401. Provision of Community Rating System premium credits to maximum number of communities practicable. Sec. 402. Community accountability for repetitively flooded areas. Sec. 403. Increased cost of compliance coverage.
Title V—Program integrity Sec. 501. Independent actuarial review. Sec. 502. Adjustments to homeowner flood insurance affordability surcharge. Sec. 503. National Flood Insurance Reserve Fund compliance. Sec. 504. Designation and treatment of multiple-loss properties. Sec. 505. Elimination of coverage for properties with excessive lifetime claims. Sec. 506. Pay for performance and streamlining costs and reimbursement. Sec. 507. Enforcement of mandatory purchase requirements. Sec. 508.
Satisfaction of mandatory purchase requirement in States allowing all-perils policies. Sec. 509. Flood insurance purchase requirements. Sec. 510. Clarifications; deadline for approval of claims. Sec. 511. Risk transfer requirement. Sec. 512. GAO study of simplification of National Flood Insurance Program. Sec. 513. GAO study on enforcement of mandatory purchase requirements. Title VI—Administrative reforms Sec. 601. Penalties for fraud and false statements in the National Flood Insurance Program.
Sec. 602. Enhanced policyholder appeals process rights. Sec. 603. Deadline for approval of claims. Sec. 604. Litigation process oversight and reform. Sec. 605. Prohibition on hiring disbarred attorneys. Sec. 606. Technical assistance reports. Sec. 607. Improved disclosure requirement for standard flood insurance policies. Sec. 608. Reserve Fund amounts. Sec. 609. Sufficient staffing for Office of Flood Insurance Advocate. Sec. 610. Limited exemption for disaster or catastrophe claims adjusters.