Sec. 405. Accountability for underpayments by Write Your Own companies
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/bill/115/hr/3285/ih/section-405·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 1348 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4084 ) is amended by adding at the end the following: The Administrator shall require that, if the Administrator determines through an audit that the pool or an insurance company or other private organization described in subsection
(a)has underpaid a claim of a policyholder— the pool, insurance company, or other private organization, as applicable, shall pay the amount of the difference to the Administrator; and the Administrator shall deposit the amount paid under paragraph
(1)in the National Flood Insurance Fund. .
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Sec. 405
Accountability for underpayments by Write Your Own companies
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