Sec. 100211. CONSIDERATIONS IN DETERMINING CHARGEABLE PREMIUM RATES
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## SEC. 100211 CONSIDERATIONS IN DETERMINING CHARGEABLE PREMIUM RATES Section 1308 of the National Flood Insurance Act of 1968 (42 U.S.C. 4015), as amended by this Act, is amended— ####
(1)in subsection (a), by striking “, after consultation with” and all that follows through “by regulation” and inserting “prescribe, after providing notice”; ####
(2)in subsection (b)— #####
(A)in paragraph (1), by striking the period at the end and inserting a semicolon; #####
(B)in paragraph (2), by striking the comma at the end and inserting a semicolon; #####
(C)in paragraph (3), by striking “, and” and inserting a semicolon; #####
(D)in paragraph (4), by striking the period at the end and inserting “; and”; and #####
(E)by adding at the end the following: > > #### “(5) > > adequate, on the basis of accepted actuarial principles, to cover the average historical loss year obligations incurred by the National Flood Insurance Fund.” > ; and ####
(3)by adding at the end the following: > > ### “(i) Rule of Construction > > For purposes of this section, the calculation of an ‘average historical loss year’— > > > #### “(1) > > includes catastrophic loss years; and > > > #### “(2) > > shall be computed in accordance with generally accepted actuarial principles.” > .
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Sec. 100211
CONSIDERATIONS IN DETERMINING CHARGEABLE PREMIUM RATES
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