Sec. 408. 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.) 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 direct a Write Your Own company to terminate a contract or other agreement between a covered entity and the 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 directing the termination of the contract or other agreement, provided notice to the covered entity and the Write Your Own company with respect to 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 with respect to which the Administrator directs termination under paragraph (1). The Administrator shall require each Write Your Own company to include a reference to the authority of the Administrator under this section in any contract between a covered entity and the Write Your Own company. .
The amendment made by subsection
(a)shall apply to any contract or other agreement between a covered entity, as defined in section 1349(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. 408
Authority to terminate contractors and vendors
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