42 U.S.C. § 4013a — Policy disclosures
submitted 14 years ago by Pub. L. 112-141 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 97 words · no verdicts yet
Every National Flood Insurance Program policy must clearly disclose its coverage conditions, exclusions, and other limits. The Administrator may impose a civil penalty of up to $50,000 for noncompliance.
(a) In general Regardless of any other law, in addition to any other disclosures that may be required, each policy under the National Flood Insurance Program* must state* all conditions, exclusions, and other limitations pertaining to coverage under the subject policy, regardless of the underlying insurance product, in plain English, in boldface type, and in a font size that is twice the size of the text of the body of the policy. (b) Violations The Administrator* may impose a civil penalty of not more than $50,000 on any person* that fails to comply with subsection (a).
Notwithstanding any other provision of law, in addition to any other disclosures that may be required, each policy under the National Flood Insurance Program* shall state* all conditions, exclusions, and other limitations pertaining to coverage under the subject policy, regardless of the underlying insurance product, in plain English, in boldface type, and in a font size that is twice the size of the text of the body of the policy.
The Administrator* may impose a civil penalty of not more than $50,000 on any person* that fails to comply with subsection (a).
Source credit: (Pub. L. 112–141, div. F, title II, § 100234, July 6, 2012, 126 Stat. 956.)
- 2012Enacted · Pub. L. 112-141 · 126 Stat. 956
A history note hasn’t been published yet. The record shows enactment by Pub. L. 112-141 on 2012-07-06.
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