42 U.S.C. § 4027b — Assessment of claims-paying ability

(1) Assessment (A) Assessment required (i) In general Not later than September 30 of each year, the Administrator^* must conduct an assessment of the ability of the National Flood Insurance Program^* to pay claims. (ii) Private market reinsurance The assessment under this paragraph for any year in which the Administrator exercises the authority under section 4055(a)(2) of this title, as added by this section, to secure reinsurance of coverage provided by the National Flood Insurance Program from the private market must include information relating the use of private sector reinsurance and reinsurance equivalents by the Administrator, whether or not the Administrator used the borrowing authority under section 4016 of this title. (iii) First assessment The Administrator must conduct the first assessment required under this paragraph by September 30, 2012. (B) Considerations In conducting an assessment under subparagraph (A), the Administrator must take into consideration regional concentrations of coverage written by the National Flood Insurance Program, peak flood zones, and relevant mitigation measures. (2) Annual report of the Administrator of activities under the National Flood Insurance Program The Administrator must— (A) include the results of each assessment in the report required under section 4027a of this title; and (B) by 30 days after the date on which the Administrator completes an assessment required under paragraph (1), make the results of the assessment available to the public.