[Code of Federal Regulations]

[Title 44, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 44CFR59.3]



[Page 244]

 

              TITLE 44--EMERGENCY MANAGEMENT AND ASSISTANCE

 

 CHAPTER I--FEDERAL EMERGENCY MANAGEMENT AGENCY, DEPARTMENT OF HOMELAND 

                                SECURITY

 

PART 59_GENERAL PROVISIONS--Table of Contents

 

                            Subpart A_General

 

Sec. 59.3  Emergency program.



    The 1968 Act required a risk study to be undertaken for each 

community before it could become eligible for the sale of flood 

insurance. Since this requirement resulted in a delay in providing 

insurance, the Congress, in section 408 of the Housing and Urban 

Development Act of 1969 (Pub. L. 91-152, December 24, 1969), established 

an Emergency Flood Insurance Program as a new section 1336 of the 

National Flood Insurance Act (42 U.S.C. 4056) to permit the early sale 

of insurance in flood-prone communities. The emergency program does not 

affect the requirement that a community must adopt adequate flood plain 

management regulations pursuant to part 60 of this subchapter but 

permits insurance to be sold before a study is conducted to determine 

risk premium rates for the community. The program still requires upon 

the effective date of a FIRM the charging of risk premium rates for all 

new construction and substantial improvements and for higher limits of 

coverage for existing structures.



[43 FR 7140, Feb. 17, 1978. Redesignated at 44 FR 31177, May 31, 1979, 

and amended at 48 FR 44543, Sept. 29, 1983]