Sec. 7. PREMIUMS AND REPORTS
132 words·~1 min read·
/statute-compilations/comps-10876/sec-7A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 7 PREMIUMS AND REPORTS Section 1308 of the National Flood Insurance Act of 1968 (42 U.S.C. 4015), as amended by the preceding provisions of this Act, is further amended by adding at the end the following new subsection: > > ### “(j) Premiums and Reports > > In setting premium risk rates, in addition to striving to achieve the objectives of this title the Administrator shall also strive to minimize the number of policies with annual premiums that exceed one percent of the total coverage provided by the policy.
For any policies premiums that exceed this one percent threshold, the Administrator shall report such exceptions to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate.” > .
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 7
PREMIUMS AND REPORTS
Cites 1Cited by 0 across 0 sources