[Code of Federal Regulations]

[Title 44, Volume 1]

[Revised as of October 1, 2006]

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

[CITE: 44CFR64.5]



[Page 340]

 

              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]