Document ID: FEMA-2013-0003-0001
Agency: fema
Document Type: Notice
Title: Notice of Chargeable Rates Under the National Flood Insurance Program for Non-Primary Residences
Posted Date: 2013-03-05T05:00Z

[Federal Register Volume 78, Number 43 (Tuesday, March 5, 2013)]
[Notices]
[Pages 14315-14316]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-04981]

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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

[Docket ID FEMA-2013-0003]

Notice of Chargeable Rates Under the National Flood Insurance 
Program for Non-Primary Residences

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Notice.

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SUMMARY: The Federal Emergency Management Agency (FEMA) is publishing 
the chargeable rates under the National Flood Insurance Program for 
non-primary residences.

DATES: The rates announced in this notice are effective January 1, 
2013.

[[Page 14316]]

ADDRESSES: The docket for this notice is available at 
www.regulations.gov under Docket ID FEMA-2013-0003. You may also view 
the docket at the Office of Chief Counsel, Federal Emergency Management 
Agency, Room 835, 500 C Street SW., Washington, DC 20472.

FOR FURTHER INFORMATION CONTACT: Tom Hayes, Actuary, FEMA, 1800 South 
Bell St., Arlington, VA 20598-3010, at Thomas.Hayes@fema.dhs.gov or 
(202) 6463419.

SUPPLEMENTARY INFORMATION: Pursuant to section 100205 of the Biggert-
Waters Flood Insurance Reform Act of 2012 (BW12), Public Law 112-141, 
42 U.S.C. 4015, FEMA is authorized to prescribe by notice chargeable 
premium rates for any residential property which is not the primary 
residence of an individual. These chargeable premium rates are for 
coverage which is at or below the following limits:
    (1) For dwelling properties in States other than Alaska, Hawaii, 
the Virgin Islands and Guam (i) $35,000 aggregate liability for any 
property containing only one unit, (ii) $100,000 for any property 
containing only one unit, and (iii) $10,000 liability per unit for any 
contents related to such unit.
    (2) For dwelling properties in Alaska, Hawaii, the Virgin Islands, 
and Guam (i) $50,000 aggregate liability for any property containing 
only one unit, (ii) $150,000 for any property containing only one unit, 
and (iii) $10,000 aggregate liability per unit for any contents related 
to such unit.
    (3) For churches and other properties (i) $100,000 for the 
structure and (ii) $100,000 for the contents of any such unit.
    The chargeable premium rates for residential property which is not 
the primary residence of an individual effective on or after January 1, 
2013 are as follows:

----------------------------------------------------------------------------------------------------------------
                                                   A Zone \1\ rates per year per   V Zone \2\ rates per year per
                                                         $100 coverage on:               $100 coverage on:
                Type of structure                ---------------------------------------------------------------
                                                     Structure       Contents        Structure       Contents
----------------------------------------------------------------------------------------------------------------
No Basement or Enclosure........................             .95            1.20            1.24            1.54
With Basement or Enclosure......................            1.02            1.20            1.33            1.54
----------------------------------------------------------------------------------------------------------------
\1\ A-zones are zones A1-A30, AE, AO, AH, and unnumbered A-zones.
\2\ V-zones are zones V1-V30, VE, and unnumbered V-zones.

    Pursuant to section 100205 of BW12, rates for any residential 
property that is not the primary residence of an individual must 
increase by 25 percent per year until the average risk premium rate is 
equal to the actuarial rate. See 42 U.S.C. 4015(e). FEMA will publish 
future increases to these rates by a notice in the Federal Register.

    Authority: 42 U.S.C. 4014, 4015.

Edward L. Connor,
Deputy Associate Administrator for Federal Insurance, Federal Emergency 
Management Agency.
[FR Doc. 2013-04981 Filed 3-4-13; 8:45 am]
BILLING CODE 9110-11-P