Source: https://www.law.cornell.edu/uscode/text/42/4082
Timestamp: 2017-02-21 03:13:43
Document Index: 406470149

Matched Legal Cases: ['§ 4082', '§\u202f4082', '§\u202f1346', '§\u202f451', '§\u202f100232', '§\u202f6', '§\u202f100238', '§\u202f100232', '§\u202f100232', '§\u202f100238', '§\u202f100232', '§\u202f100232', '§\u202f100232', '§\u202f100232', '§\u202f100232', '§\u202f100238']

42 U.S. Code § 4082 - Use of insurance pool, companies, or other private organizations for certain payments | US Law | LII / Legal Information Institute
§ 4082.
Use of insurance pool, companies, or other private organizations for certain payments
(a) Authorization to enter into contracts for certain responsibilitiesIn order to provide for maximum efficiency in the administration of the flood insurance program and in order to facilitate the expeditious payment of any Federal funds under such program, the Administrator may enter into contracts with pool formed or otherwise created under section 4051 of this title, or any insurance company or other private organizations, for the purpose of securing reinsurance of insurance coverage provided by the program or for the purpose of securing performance by such pool, company, or organization of any or all of the following responsibilities:
Any contract with the pool or an insurance company or other private organization under this section may contain such terms and conditions as the Administrator finds necessary or appropriate for carrying out responsibilities under subsection (a) of this section, and may provide for payment of any costs which the Administrator determines are incidental to carrying out such responsibilities which are covered by the contract.
(c) Competitive bidding
Any contract entered into under subsection (a) of this section may be entered into without regard to section 6101 of title 41 or any other provision of law requiring competitive bidding.
(d) Findings of Administrator
No contract may be entered into under this section unless the Administrator finds that the pool, company, or organization will perform its obligations under the contract efficiently and effectively, and will meet such requirements as to financial responsibility, legal authority, and other matters as he finds pertinent.
(e) Bond; liability of certifying officers and disbursing officers
(f) Term of contract; renewals; termination
Any contract entered into under this section shall be for a term of one year, and may be made automatically renewable from term to term in the absence of notice by either party of an intention to terminate at the end of the current term; except that the Administrator may terminate any such contract at any time (after reasonable notice to the pool, company, or organization involved) if he finds that the pool, company, or organization has failed substantially to carry out the contract, or is carrying out the contract in a manner inconsistent with the efficient and effective administration of the flood insurance program authorized under this chapter.
(Pub. L. 90–448, title XIII, § 1346, Aug. 1, 1968, 82 Stat. 585; Pub. L. 98–181, title I [title IV, § 451(d)(1)], Nov. 30, 1983, 97 Stat. 1229; Pub. L. 112–141, div. F, title II, §§ 100232(d)(4), 100238(b)(1), July 6, 2012, 126 Stat. 954, 958.)
In subsec. (c), “section 6101 of title 41” substituted for “section 3709 of the Revised Statute (41 U.S.C. 5)” on authority of Pub. L. 111–350, § 6(c), Jan. 4, 2011, 124 Stat. 3854, which Act enacted Title 41, Public Contracts.
2012—Subsec. (a). Pub. L. 112–141, § 100238(b)(1), substituted “Administrator” for “Director” in introductory provisions.
Pub. L. 112–141, § 100232(d)(4)(A), inserted “securing reinsurance of insurance coverage provided by the program or for the purpose of” after “for the purpose of” in introductory provisions.
Subsec. (a)(1). Pub. L. 112–141, § 100232(d)(4)(B), substituted “Estimating” for “estimating” and period for semicolon at end.
Subsec. (a)(2). Pub. L. 112–141, § 100238(b)(1), substituted “Administrator” for “Director”.
Pub. L. 112–141, § 100232(d)(4)(C), substituted “Receiving” for “receiving” and period for semicolon at end.
Subsec. (a)(3). Pub. L. 112–141, § 100232(d)(4)(D)(ii), which directed substitution of period for “ ‘; and’ ” was executed by making the substitution for “; and” to reflect the probable intent of Congress.
Pub. L. 112–141, § 100232(d)(4)(D)(i), substituted “Making” for “making”.
Subsec. (a)(4). Pub. L. 112–141, § 100232(d)(4)(G), added par. (4). Former par. (4) redesignated (5).
Subsec. (a)(5). Pub. L. 112–141, § 100232(d)(4)(E), (F), redesignated par. (4) as (5) and substituted “Otherwise” for “otherwise”.
Subsecs. (b), (d), (e)(1), (f). Pub. L. 112–141, § 100238(b)(1), substituted “Administrator” for “Director” wherever appearing.
1983—Subsecs. (a), (b), (d), (e)(1), (f). Pub. L. 98–181 substituted “Director” for “Secretary” wherever appearing.