Sec. 304. Vendor costs; transparency
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Section 100224(d) of the Biggert-Waters Flood Insurance Reform Act of 2012 ( 42 U.S.C. 4081 note) is amended— by striking Not later than 12 months after the date of enactment of this Act, the Administrator and inserting the following: The Administrator ; and by adding at the end the following: In issuing the rule under subparagraph (A), the Administrator shall— develop a schedule to determine the actual costs of Write Your Own vendors, including claims adjusters and engineering companies; provide that if a Write Your Own company requests reimbursement for the costs of a service or product provided to the company by a vendor, the Administrator only reimburses the company for the actual costs of the service or products; and require that all reimbursements to Write Your Own companies be made public, including a description of the product or service provided to which the reimbursement pertains. .
Not later than 90 days after the date of enactment of this Act, the Administrator shall issue a revised rule under section 100224(d) of the Biggert-Waters Flood Insurance Reform Act of 2012 ( 42 U.S.C. 4081 note), as amended by subsection (a).
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Sec. 304
Vendor costs; transparency
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