Amendment110th Congress
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.
- 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