Sec. 1311. operating costs and allowances
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## Sec. 1311 operating costs and allowances **[**[42 U.S.C. 4018](/us/usc/t42/s4018)**]** ###
(a)The Administrator shall from time to time negotiate with appropriate representatives of the insurance industry for the purpose of establishing— ####
(1)a current schedule of operating costs applicable both to risk-sharing insurance companies and other insurers and to insurance companies and other insurers, insurance agents and brokers, and insurance adjustment organizations participating on other than a risk-sharing basis, and ####
(2)a current schedule of operating allowances applicable to risk-sharing insurance companies and other insurers, which may be payable in accordance with the provisions of chapter II, and such schedules shall from time to time be prescribed in regulations. ###
(b)For purposes of subsection (a)— ####
(1)the term “**operating costs**” shall (without limiting such term) include— #####
(A)expense reimbursements covering the direct, actual and necessary expenses incurred in connection with selling and servicing flood insurance coverage; #####
(B)reasonable compensation payable for selling and servicing flood insurance coverage, or commissions or service fees paid to producers; #####
(C)loss adjustment expenses; and #####
(D)other direct, actual, and necessary expenses which the Administrator finds are incurred in connection with selling or servicing flood insurance coverage; and ####
(2)the term “**operating allowances**” shall (without limiting such term) include amounts for profit and contingencies which the Administrator finds reasonable and necessary to carry out the purposes of this title.
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Sec. 1311
operating costs and allowances
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