On July 10, NAR sent a letter to the National Council of Insurance Legislators (NCOIL) regarding model private flood insurance legislation. NAR offered general support for model legislation or insurance guidance to help more states tailor their insurance regulations to meet the unique challenges of writing private flood insurance. The letter also transmits groundbreaking research on state insurance laws focusing on those provisions most likely to influence the development of a more robust private market for flood insurance.
NAR Comment Letter to Senator Morrish Regarding NCOIL State Flood Disaster Mitigation and Relief Model Act
Issue Date: July 10, 2019
On July 10, NAR sent a letter to the National Council of Insurance Legislators (NCOIL) regarding model private flood insurance legislation. NAR offered general support for model legislation or insurance guidance to help more states tailor their insurance regulations to meet the unique challenges of writing private flood insurance. The letter also transmits groundbreaking research on state insurance laws focusing on those provisions most likely to influence the development of a more robust private market for flood insurance.
Download Letter