Document ID: FEMA-2009-0008-0001
Agency: fema
Document Type: Notice
Title: National Flood Insurance Program (NFIP); Assistance to Private Sector Property Insurers, Availability of FY2010 Arrangement
Posted Date: 2009-08-19T04:00Z

[Federal Register: August 19, 2009 (Volume 74, Number 159)]
[Notices]               
[Page 41924]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr19au09-76]                         

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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

[Docket ID FEMA-2009-0008]

 
National Flood Insurance Program (NFIP); Assistance to Private 
Sector Property Insurers, Availability of FY2010 Arrangement

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Notice.

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SUMMARY: Each year the Federal Emergency Management Agency (FEMA) is 
required by the Write-Your-Own (WYO) program Financial Assistance/
Subsidy Arrangement (Arrangement) to notify the private insurance 
companies (Companies) and to make available to the Companies the terms 
for subscription or re-subscription to the Arrangement. In keeping with 
that requirement, this notice provides the terms to the Companies to 
subscribe or re-subscribe to the Arrangement.

FOR FURTHER INFORMATION CONTACT: Edward L. Connor, DHS/FEMA, 1800 South 
Bell Street, Room 720, Arlington, VA 20598-3020, 202-646-3429 (phone), 
202-646-3445 (facsimile), or Edward.Connor@dhs.gov (e-mail).

SUPPLEMENTARY INFORMATION: Under the Write-Your-Own (WYO) program 
Financial Assistance/Subsidy Arrangement (Arrangement), approximately 
90 private sector property insurers issue flood insurance policies and 
adjust flood insurance claims under their own names based on an 
Arrangement with the Federal Insurance Administration (FIA) published 
at 44 CFR part 62, appendix A. The WYO insurers receive an expense 
allowance and remit the remaining premium to the Federal Government. 
The Federal Government also pays WYO insurers for flood losses and pays 
loss adjustment expenses based on a fee schedule. In addition, under 
certain circumstances reimbursement for litigation costs, including 
court costs, attorney fees, judgments, and settlements, are paid by FIA 
based on documentation submitted by the WYO insurers. The complete 
Arrangement is published in 44 CFR part 62, appendix A. Each year FEMA 
is required to publish in the Federal Register and make available to 
the Companies the terms for subscription or re-subscription to the 
Arrangement.
    Since last year there have been no substantive changes to the 
Arrangement.
    During August 2009, FEMA will send a copy of the offer for the 
FY2010 Arrangement, together with related materials and submission 
instructions, to all private insurance companies participating under 
the current FY2009 Arrangement. Any private insurance company not 
currently participating in the WYO Program but wishing to consider 
FEMA's offer for FY2010 may request a copy by writing: DHS/FEMA, 
Mitigation Directorate, Attn: Edward L. Connor, WYO Program, 1800 South 
Bell Street, Room 720, Arlington, VA 20598-3020, or contact Edward 
Connor at 202-646-3445 (facsimile), or Edward.Connor@dhs.gov (e-mail).

    Dated: August 13, 2009.
Edward L. Connor,
Acting Federal Insurance Administrator, National Flood Insurance 
Program, Federal Emergency Management Agency, Department of Homeland 
Security.
[FR Doc. E9-19835 Filed 8-18-09; 8:45 am]

BILLING CODE 9111-52-P