Sec. 4. Definitions
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In this Act: The term Administrator means the Administrator of the Federal Emergency Management Agency. The term covered property means— a primary residential dwelling designed; or personal property relating to a dwelling described in subparagraph (A). The term eligible policyholder means— a person who— is a national flood insurance program policyholder on or after the date of the enactment of this Act; and has a household income that is not more than 120 percent of the area median income for the area in which the property to which the policy applies is located; a business with not more than 100 employees that— is a national flood insurance program policyholder on or after the date of the enactment of this Act; and satisfies the hardship metric published by the Administrator under section 2; or a not-for-profit organization that— is a national flood insurance program policyholder on or after the date of the enactment of this Act; and satisfies the hardship metric published by the Administrator under section 2.
The term insurance costs means, with respect to a covered property for a year— risk premiums and fees estimated under section 1307 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4014 ) and charged under section 1308 of such Act ( 42 U.S.C. 4015 ); surcharges assessed under sections 1304 and 1308A of such Act ( 42 U.S.C. 4011 , 4015a); and any amount established under section 1310A(c) of such Act ( 42 U.S.C. 4017a ).
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