As mentioned on last Friday's ABIA Government Relations Working Group call, FEMA has issued a bulletin, directed at "Write Your Own (WYO) Principal Coordinators and National Flood Insurance Program (NFIP) Servicing Agents," that "provides a sample Final Letter reiterating that a new Flood Insurance Application and premium must be received within 30 days from the policy expiration date to avoid a lapse in coverage."
The letter "may be sent to affected policyholders, agents, and lenders within 5 days after the policy expiration date."
Read FEMA's Bulletin W-13046.
If you would like to learn more about ABIA's Government Relation (GR) activities, please contact us to see how your organization can benefit from by joining one or more of our GR working groups.
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