[Code of Federal Regulations]
[Title 44, Volume 1]
[Revised as of October 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 44CFR64.5]

[Page 339]
 
              TITLE 44--EMERGENCY MANAGEMENT AND ASSISTANCE
 
 CHAPTER I--FEDERAL EMERGENCY MANAGEMENT AGENCY, DEPARTMENT OF HOMELAND 
                                SECURITY
 
PART 64_COMMUNITIES ELIGIBLE FOR THE SALE OF INSURANCE--Table of Contents
 
Sec. 64.5  Relationship of rates to zone designations.

    (a) In order to expedite a community's qualification for flood 
insurance under the emergency program, the Administrator may authorize 
the sale of such insurance without designating any Zones A, M, or E 
within a community, provided the community has previously adopted flood 
plain management regulations meeting the requirements of Sec. 60.3(a), 
Sec. 60.4(a) or Sec. 60.5(a) of this subchapter. When the 
Administrator has obtained sufficient technical information to delineate 
Zones A, M, or E, he/she shall delineate the tentative boundaries on a 
FHBM.
    (b) Upon the effective date of the FIRM, flood insurance will 
continue to be available throughout the entire community at chargeable 
rates (i.e., subsidized) for first layer coverage of existing 
structures, but will be only available at risk premium rates for all new 
construction and substantial improvements. Upon the effective date of a 
FIRM, second layer coverage is available only at risk premium rates for 
all structures.
    (c) Detailed insurance information may be obtained from the 
servicing companies. See part 62 of this subchapter.

[41 FR 46986, Oct. 26, 1976. Redesignated at 44 FR 31177, May 31, 1979, 
as amended at 48 FR 44552, Sept. 29, 1983; 49 FR 4751, Feb. 8, 1984]