Sec. 412. Authority to terminate contractors and vendors
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Part C of chapter II of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4081 et seq.), as amended by section 411, is amended by adding at the end the following: In this section, the term covered entity means any attorney, law firm, consultant, or third-party company that provides services to a Write Your Own company. Notwithstanding any other provision of law, the Administrator may terminate a contract or other agreement between a covered entity and a Write Your Own company if the Administrator— determines that the covered entity has engaged in conduct that is detrimental to the national flood insurance program; and not later than 14 days before terminating the contract or other agreement, provided notice to the covered entity of the termination.
The Administrator shall establish a process for a covered entity to appeal the termination of a contract or other agreement under paragraph (1). The Administrator or a Write Your Own company is not required to make any early termination payout to a covered entity with respect to a contract or agreement with the Write Your Own company that the Administrator terminates under paragraph (1). . The amendment made by subsection
(a)shall apply to any contract or other agreement between a covered entity, as defined in section 1350(a) of the National Flood Insurance Act of 1968, as added by subsection (a), and a Write Your Own company that is entered into on or after the date of enactment of this Act.
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Sec. 412
Authority to terminate contractors and vendors
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