Private Flood Insurance

Private Flood Insurance Requirements Effective July 1, 2019 The OCC, Federal Reserve, FDIC, FCA, and NCUA issued a joint final rule, effective July 1, 2019, requiring regulated institutions to accept certain private flood insurance policies in addition to the National Flood Insurance Program (NFIP) policies. A Private flood insurance is an insurance policy that: 1.  Is issued by an insurance … Read More