Amendment prohibits a company that sells and services flood insurance policies from including language in its own windstorm policies that would exclude coverage of wind damage solely because flooding also contributed to the damage; and also requires the contract between an insurance company and NFIP to state that the company has a fiduciary responsibility to Federal taxpayers and will act in the best interests of NFIP.

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Amendment Number
822
Description
Amendment prohibits a company that sells and services flood insurance policies from including language in its own windstorm policies that would exclude coverage of wind damage solely because flooding also contributed to the damage; and also requires the contract between an insurance company and NFIP to state that the company has a fiduciary responsibility to Federal taxpayers and will act in the best interests of NFIP.
Purpose
An amendment numbered 8 printed in Part B of House Report 110-351 to prohibit a company that sells and services flood insurance policies from including language in its own windstorm policies that would exclude coverage of wind damage solely because flooding also contributed to the damage. The amendment also requires the contract between an insurance company and NFIP to state that the company has a fiduciary responsibility to federal taxpayers and will act in the best interests of NFIP.
Congress
110
Type
HAMDT
Latest Action Date
Sep 27, 2007
Latest Action Text
On agreeing to the Taylor amendment (A009) Agreed to by voice vote.
Latest Action Time
15:21:47
Submitted Date
Sep 27, 2007
Chamber
House of Representatives
Update Date
Dec 5, 2020
Amendment 822 — Informed