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42 U.S.C. § 4019 — Premium surcharge
Federal law — U.S. Code and appendices · legal_authorities
**(a) Imposition and collection** The Administrator shall impose and collect an annual surcharge, in the amount provided in subsection (b), on all policies for flood insurance coverage under the National Flood Insurance Program that are newly issued or renewed after March 21, 2014. Such surcharge shall be in addition to the surcharge under [section 4011(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4011/b&num=0&edition=prelim) and any other assessments and surcharges applied to such coverage.
**(b) Amount** The amount of the surcharge under subsection (a) shall be—
(1) $25, except as provided in paragraph (2); and
(2) $250, in the case of a policy for any property that is—
(A) a non-residential property; or
(B) a residential property that is not the primary residence of an individual.
**(c) Termination** Subsections (a) and (b) shall cease to apply on the date on which the chargeable risk premium rate for flood insurance under this chapter for each property covered by flood insurance under this chapter, other than properties for which premiums are calculated under subsection (e) or (f) of [section 4014 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4014&num=0&edition=prelim) or [section 4056 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4056&num=0&edition=prelim) or under section 100230 of the Biggert-Waters Flood Insurance Reform Act of 2012 ([42 U.S.C. 4014](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4014&num=0&edition=prelim) note), is not less than the applicable estimated risk premium rate under [section 4014(a)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-preli
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Source file: Laws/federal/codes/united-states-code/title-42/section-4019-premium-surcharge--5e5e8ad9f3.md
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Source location: Title 42, Chapter 50, § 4019; chapter-050-national-flood-insurance.md
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**(a) Imposition and collection** The Administrator shall impose and collect an annual surcharge, in the amount provided in subsection (b), on all policies for flood insurance coverage under the National Flood Insurance Program that are newly issued or renewed after March 21, 2014. Such surcharge shall be in addition to the surcharge under [section 4011(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4011/b&num=0&edition=prelim) and any other assessments and surcharges applied to such coverage.
**(b) Amount** The amount of the surcharge under subsection (a) shall be—
(1) $25, except as provided in paragraph (2); and
(2) $250, in the case of a policy for any property that is—
(A) a non-residential property; or
(B) a residential property that is not the primary residence of an individual.
**(c) Termination** Subsections (a) and (b) shall cease to apply on the date on which the chargeable risk premium rate for flood insurance under this chapter for each property covered by flood insurance under this chapter, other than properties for which premiums are calculated under subsection (e) or (f) of [section 4014 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4014&num=0&edition=prelim) or [section 4056 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4056&num=0&edition=prelim) or under section 100230 of the Biggert-Waters Flood Insurance Reform Act of 2012 ([42 U.S.C. 4014](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4014&num=0&edition=prelim) note), is not less than the applicable estimated risk premium rate under [section 4014(a)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4014/a/1&num=0&edition=prelim) for such property.
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Federal law — U.S. Code and appendices · legal_authorities
Following such consultation with representatives of the insurance industry as may be necessary, the Administrator shall implement the flood insurance program authorized under subchapter I in accordance with the provisions of part A of this subchapter and, if a determination is made by him under [section 4071 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4071&num=0&edition=prelim), under part B of this subchapter.
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 4056
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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
**(a) Authorization and establishment** To carry out the purposes of this chapter, the Administrator of the Federal Emergency Management Agency is authorized to establish and carry out a national flood insurance program which will enable interested persons to purchase insurance against loss resulting from physical damage to or loss of real property or personal property related thereto arising from any flood occurring in the United States.
**(b) Additional coverage for compliance with land use and control measures** The national flood insurance program established pursuant to subsection (a) shall enable the purchase of insurance to cover the cost of implementing measures that are consistent with land use and control measures established by the community under [section 4102 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4102&num=0&edition=prelim) for—
(1) properties that are repetitive loss structures;
(2) properties that are substantially damaged structures;
(3) properties that have sustained flood damage on multiple occasions, if the Administrator determines that it is cost-effective and in the best interests of the National Flood Insurance Fund to require the implementation of such measures; and
(4) properties for which an offer of mitigation assistance is made under—
(A) [section 4104c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4104c&num=0&edition=prelim) (Flood Mitigation Assistance Program);
(B) the Hazard Mitigation Grant Program authorized under [section 5170c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section5170c&num=0&edition=prelim);
(C) the Predisaster Hazard Mitigation Program under [section 5133 of this title](ht
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 4014
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Federal law — U.S. Code and appendices · legal_authorities
Page 6021
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 4014
§ 4013a. Policy disclosures
(a) In general
Notwithstanding any other provision of law, in
addition to any other disclosures that may be
required, each policy under the National Flood
Insurance Program shall state all conditions,
exclusions, and other limitations pertaining to
coverage under the subject policy, regardless of
the underlying insurance product, in plain
English, in boldface type, and in a font size that
is twice the size of the text of the body of the
policy.
(b) Violations
The Administrator may impose a civil penalty
of not more than $50,000 on any person that fails
to comply with subsection (a).
(Pub. L. 112–141, div. F, title II, § 100234, July 6,
2012, 126 Stat. 956.)
Editorial Notes
CODIFICATION
Section was enacted as part of the Biggert-Waters
Flood Insurance Reform Act of 2012, and also as part of
the Moving Ahead for Progress in the 21st Century Act,
also known as the MAP–21, and not as part of the Na-
tional Flood Insurance Act of 1968 which comprises this
chapter.
Statutory Notes and Related Subsidiaries
DEFINITIONS
For definitions of terms used in this section, see sec-
tion 4004 of this title.
§ 4014. Estimates of premium rates
(a) Studies and investigations
The Administrator is authorized to undertake
and carry out such studies and investigations
and receive or exchange such information as
may be necessary to estimate, and shall from
time to time estimate, on an area, subdivision,
or other appropriate basis—
(1) the risk premium rates for flood insur-
ance which—
(A) based on consideration of—
(i) the risk involved and accepted actu-
arial principles; and
(ii) the flood mitigation activities that
an owner or lessee has undertaken on a
property, including
Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 4014
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Federal law — U.S. Code and appendices · legal_authorities
Page 6035
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 4019
equal to not less than 7.5 percent of the re-
serve ratio required under subsection (b).
(e) Limitation on reserve ratio
In any given fiscal year, if the Administrator
determines that the reserve ratio required under
subsection (b) cannot be achieved, the Adminis-
trator shall submit, on a calendar quarterly
basis, a report to Congress that—
(1) describes and details the specific con-
cerns of the Administrator regarding the con-
sequences of the reserve ratio not being
achieved;
(2) demonstrates how such consequences
would harm the long-term financial soundness
of the flood insurance program; and
(3) indicates the maximum attainable re-
serve ratio for that particular fiscal year.
(f) Investment
The Secretary of the Treasury shall invest
such amounts of the Reserve Fund as the Sec-
retary
determines
advisable
in
obligations
issued or guaranteed by the United States.
(Pub. L. 90–448, title XIII, § 1310A, as added Pub.
L. 112–141, div. F, title II, § 100212, July 6, 2012,
126 Stat. 922; amended Pub. L. 113–89, §§ 8(b), 20,
Mar. 21, 2014, 128 Stat. 1024, 1028.)
Editorial Notes
REFERENCES IN TEXT
This chapter, referred to in subsec. (c)(3)(A), was in
the original ‘‘this Act’’, and was translated as reading
‘‘this title’’, meaning title XIII of Pub. L. 90–448, Aug.
1, 1968, 82 Stat. 572, known as the National Flood Insur-
ance Act of 1968, which is classified principally to this
chapter, to reflect the probable intent of Congress. For
complete classification of this Act to the Code, see
Short Title note set out under section 4001 of this title
and Tables.
AMENDMENTS
2014—Subsec. (c)(4). Pub. L. 113–89, § 8(b), added par.
(4).
Subsec. (e). Pub. L. 113–89, § 20, inserted ‘‘, on a cal-
e
Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 4019
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