SB2110: Flood Insurance Consumer Choice Act of 2023
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to allow National Flood Insurance Program policyholders who leave the program to purchase a private insurance flood policy to return to the National Flood Insurance Program without penalty, and for other purposes.
Plain-language summary
This bill allows people who leave the National Flood Insurance Program (NFIP), a federal program that sells flood insurance, to buy private flood insurance instead, and then return to NFIP later without facing penalties. Currently, switching between programs can be complicated and costly for homeowners. The bill is sponsored by Senator Rick Scott and was recently introduced in Congress. It aims to give consumers more flexibility in choosing their flood insurance provider.
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SB2110: Flood Insurance Consumer Choice Act of 2023