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42 U.S.C. § 4057 — Industry flood insurance pool; requirements for participation
Federal law — U.S. Code and appendices · legal_authorities
**(a)** The Administrator is authorized to encourage and otherwise assist any insurance companies and other insurers which meet the requirements prescribed under subsection (b) to form, associate, or otherwise join together in a pool—
(1) in order to provide the flood insurance coverage authorized under subchapter I; and
(2) for the purpose of assuming, including as reinsurance of coverage provided by the flood insurance program, on such terms and conditions as may be agreed upon, such financial responsibility as will enable such companies and other insurers, with the Federal financial and other assistance available under this chapter, to assume a reasonable proportion of responsibility for the adjustment and payment of claims for losses under the flood insurance program.
**(b)** In order to promote the effective administration of the flood insurance program under this part, and to assure that the objectives of this chapter are furthered, the Administrator is authorized to prescribe appropriate requirements for insurance companies and other insurers participating in such pool including, but not limited to, minimum requirements for capital or surplus or assets.
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 4057
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Stable record: federal_law:legal_authorities:record_usc_077836f932f83de5ea7a0408
Source file: Laws/federal/codes/united-states-code/title-42/section-4057-industry-flood-insurance-pool-requirements-for-participation--b3b95b95e3.md
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Passage SHA-256: 64973842a0e649c54c5f350e933824e635e0b5cd48e530569855632ef9067ebd
Source location: Title 42, Chapter 50, § 4057; chapter-050-national-flood-insurance.md
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**(a)** The Administrator is authorized to encourage and otherwise assist any insurance companies and other insurers which meet the requirements prescribed under subsection (b) to form, associate, or otherwise join together in a pool—
(1) in order to provide the flood insurance coverage authorized under subchapter I; and
(2) for the purpose of assuming, including as reinsurance of coverage provided by the flood insurance program, on such terms and conditions as may be agreed upon, such financial responsibility as will enable such companies and other insurers, with the Federal financial and other assistance available under this chapter, to assume a reasonable proportion of responsibility for the adjustment and payment of claims for losses under the flood insurance program.
**(b)** In order to promote the effective administration of the flood insurance program under this part, and to assure that the objectives of this chapter are furthered, the Administrator is authorized to prescribe appropriate requirements for insurance companies and other insurers participating in such pool including, but not limited to, minimum requirements for capital or surplus or assets.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** There are hereby authorized to be appropriated such sums as may from time to time be necessary to carry out this chapter, including sums—
(1) to cover administrative expenses authorized under [section 4126 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4126&num=0&edition=prelim);
(2) to reimburse the National Flood Insurance Fund established under [section 4017 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4017&num=0&edition=prelim) for—
(A) premium equalization payments under [section 4054 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4054&num=0&edition=prelim) which have been made from such fund; and
(B) reinsurance claims paid under the excess loss reinsurance coverage provided under [section 4055 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4055&num=0&edition=prelim); and
(3) to make such other payments as may be necessary to carry out the purposes of this chapter.
**(b)** All such funds shall be available without fiscal year limitation.
**(c)** There are authorized to be appropriated such sums as may be necessary through the date specified in [section 4026 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4026&num=0&edition=prelim), for studies under this chapter.
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 4001
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Federal law — U.S. Code and appendices · legal_authorities
(1) **Sense of Congress** — It is the sense of Congress that the Federal air marshal program is critical to aviation security.
(2) **Limitation on statutory construction** — Nothing in this chapter, including any amendment made by this chapter, shall be construed as preventing the Under Secretary of Transportation for Security from implementing and training Federal air marshals.
Source: Supplied U.S. Code snapshot — release unconfirmed · 6 U.S.C. § 542
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Federal law — U.S. Code and appendices · legal_authorities
The purposes of this chapter are—
(1) to establish and sustain a national integrated System of ocean, coastal, and Great Lakes observing systems, comprised of Federal and non-Federal components coordinated at the national level by the Council and at the regional level by a network of regional coastal observing systems, and that includes in situ, remote, and other coastal and ocean observation and modeling capabilities, technologies, data management systems, communication systems, and product development systems, and is designed to address regional and national needs for ocean and coastal information, to gather specific data on key ocean, coastal, and Great Lakes variables, and to ensure timely and sustained dissemination and availability of these data—
(A) to the public;
(B) to support national defense, search and rescue operations, marine commerce, navigation safety, weather, climate, and marine forecasting, energy siting and production, economic development, ecosystem-based marine, coastal, and Great Lakes resource management, public safety, and public outreach and education;
(C) to promote greater public awareness and stewardship of the Nation’s ocean, coastal, and Great Lakes resources and the general public welfare;
(D) to provide easy access to ocean, coastal, and Great Lakes data and promote data sharing between Federal and non-Federal sources and promote public data sharing;
(E) to enable advances in scientific understanding to support the sustainable use, conservation, management, and understanding of healthy ocean, coastal, and Great Lakes resources to ensure the Nation can respond to opportunities to enhance food, economic, and national security; and
(F) to monitor and model changes in the oceans and Great Lakes, including with respect to c
Source: Supplied U.S. Code snapshot — release unconfirmed · 33 U.S.C. § 3601
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definitions** In this section:
(1) **COASTAL Formula** — The term “COASTAL Formula” has the meaning given the term in [section 4057(a) of title 42](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4057/a&num=0&edition=prelim).
(2) **Coastal State** — The term “coastal State” has the meaning given the term “coastal state” in [section 1453 of title 16](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section1453&num=0&edition=prelim), except that the term shall not apply with respect to a State or territory that has an operational wind and flood loss allocation system.
(3) **Coastal waters** — The term “coastal waters” has the meaning given the term in such section.
(4) **Covered data** — The term “covered data” means, with respect to a named storm identified by the Administrator under subsection (b)(2)(A), empirical data that are—
(A) collected before, during, or after such storm; and
(B) necessary to determine magnitude and timing of wind speeds, rainfall, the barometric pressure, river flows, the extent, height, and timing of storm surge, topographic and bathymetric data, and other measures required to accurately model and assess damage from such storm.
(5) **Indeterminate loss** — The term “indeterminate loss” has the meaning given the term in [section 4057(a) of title 42](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4057/a&num=0&edition=prelim).
(6) **Named storm** — The term “named storm” means any organized weather system with a defined surface circulation and maximum sustained winds of at least 39 miles per hour which the National Hurricane Center of the United States National Weather Service names as a tropical storm or a hurricane.
(7) **Named Storm Event Model** — T
Source: Supplied U.S. Code snapshot — release unconfirmed · 33 U.S.C. § 3611
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Necessity and reasons for flood insurance program** The Congress finds that (1) from time to time flood disasters have created personal hardships and economic distress which have required unforeseen disaster relief measures and have placed an increasing burden on the Nation’s resources; (2) despite the installation of preventive and protective works and the adoption of other public programs designed to reduce losses caused by flood damage, these methods have not been sufficient to protect adequately against growing exposure to future flood losses; (3) as a matter of national policy, a reasonable method of sharing the risk of flood losses is through a program of flood insurance which can complement and encourage preventive and protective measures; and (4) if such a program is initiated and carried out gradually, it can be expanded as knowledge is gained and experience is appraised, thus eventually making flood insurance coverage available on reasonable terms and conditions to persons who have need for such protection.
**(b) Participation of Federal Government in flood insurance program carried out by private insurance industry** The Congress also finds that (1) many factors have made it uneconomic for the private insurance industry alone to make flood insurance available to those in need of such protection on reasonable terms and conditions; but (2) a program of flood insurance with large-scale participation of the Federal Government and carried out to the maximum extent practicable by the private insurance industry is feasible and can be initiated.
**(c) Unified national program for flood plain management** The Congress further finds that (1) a program of flood insurance can promote the public interest by providing appropriate protection against the perils of fl
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 4011
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Federal law — U.S. Code and appendices · legal_authorities
Page 6051
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 4057
cuted by substituting ‘‘2001’’ for ‘‘1999’’ to reflect the
probable intent of Congress and the amendment by
Pub. L. 105–276, title III, see below.
Pub. L. 105–276, title III, substituted ‘‘1999’’ for ‘‘1998’’.
1997—Subsec. (a). Pub. L. 105–65 substituted ‘‘Sep-
tember 30, 1998’’ for ‘‘October 23, 1997’’.
Pub. L. 105–46 substituted ‘‘October 23, 1997’’ for ‘‘Sep-
tember 30, 1996’’.
1994—Subsec. (a). Pub. L. 103–325 substituted ‘‘Sep-
tember 30, 1996’’ for ‘‘September 30, 1995’’.
1990—Subsec. (a). Pub. L. 101–508 substituted ‘‘Sep-
tember 30, 1995’’ for ‘‘September 30, 1991’’.
1989—Subsec. (a). Pub. L. 101–137 substituted ‘‘Sep-
tember 30, 1991’’ for ‘‘September 30, 1989’’.
1988—Subsec. (a). Pub. L. 100–242 substituted ‘‘Sep-
tember 30, 1989’’ for ‘‘March 15, 1988’’.
1987—Subsec. (a). Pub. L. 100–200 substituted ‘‘March
15, 1988’’ for ‘‘December 16, 1987’’.
Pub. L. 100–179 substituted ‘‘December 16, 1987’’ for
‘‘December 2, 1987’’.
Pub. L. 100–170 substituted ‘‘December 2, 1987’’ for
‘‘November 15, 1987’’.
Pub. L. 100–154 substituted ‘‘November 15, 1987’’ for
‘‘October 31, 1987’’.
Pub. L. 100–122 substituted ‘‘October 31, 1987’’ for
‘‘September 30, 1987’’.
1986—Subsec. (a). Pub. L. 99–430 substituted ‘‘Sep-
tember 30, 1987’’ for ‘‘September 30, 1986’’.
Pub. L. 99–345 substituted ‘‘September 30, 1986’’ for
‘‘June 6, 1986’’.
Pub. L. 99–289 substituted ‘‘June 6, 1986’’ for ‘‘April 30,
1986’’.
Pub. L. 99–272 directed amendment identical to Pub.
L. 99–219 substituting ‘‘March 17, 1986’’ for ‘‘December
15, 1985’’.
Pub. L. 99–267 substituted ‘‘April 30, 1986’’ for ‘‘March
17, 1986’’.
1985—Subsec. (a). Pub. L. 99–219 substituted ‘‘March
17, 1986’’ for ‘‘December 15, 1985’’.
Pub. L. 99–156 subs
Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 4057
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.