[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