The commissioner may require, through the application of the state’s existing regulatory system, all of the following:
- 1. That an authorized insurer file all forms for primary residential flood insurance coverage.
- 2. That an authorized insurer may issue an insurance policy, contract, or endorsement.
- 3. That flood insurance on a residential property that is located in a special flood hazard area designated by the federal emergency management agency provides coverage that at a minimum complies with 42 U.S.C. §4012a(b) and applicable regulations in 84 Fed. Reg. 4953.
2021 Acts, ch 73, §6