The board voted to support the development by Congress of a private market for flood insurance as an option for home owners who
lack access to affordable coverage under the National Flood Insurance Program.
Sponsored by Reps. Dennis Ross (R - FL) and Patrick Murphy (D - FL), the bill encourages the development of private market options where property owners
lack access to affordable coverage under the National Flood Insurance Program (NFIP).
Not exact matches
In the past, gaps in the public insurance system and
lack of
access to affordable private
coverage left millions without health insurance.
The NFIP was created because of the
lack of
access to affordable flood insurance
coverage in the private market.