Sec. 2. Definitions
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In this Act: The term Administrator means the Administrator of the Agency. The term Agency means the Federal Emergency Management Agency. The term Community Rating System means the community rating system program carried out under section 1315(b) of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4022(b) ). The term National Flood Insurance Program means the program established under the National Flood Insurance Act of 1968 ( 42 U.S.C. 4001 et seq. ). The term small business concern has the meaning given the term in section 3 of the Small Business Act ( 15 U.S.C. 632 ).
The term Write Your Own Company means a private property insurance company that participates in the Write Your Own Program. The term Write Your Own Program means the program under which the Federal Emergency Management Agency enters into a standard arrangement with private property insurance companies to— sell contracts for Federal flood insurance under their own business lines of insurance; and adjust and pay claims arising under the contracts described in subparagraph (A).
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