S.1349 - A bill to amend the National Flood Insurance Act of 1968 to clarify the effective date of policies covering properties affected by floods in progress.112th Congress (2011-2012)
Summary: S.1349 — 112th Congress (2011-2012)
Introduced in Senate (07/12/2011)
Amends the National Flood Insurance Act of 1968 to state that, if a flood has commenced or is in progress before expiration of the 30-day waiting period before a new or modified flood insurance policy becomes effective, the insurance coverage shall take effect upon the expiration of such 30-day period. Allows coverage for damage occurring after expiration of the waiting period, however, only if the property has not suffered damage or loss as a result of such flood before the waiting period expires.