NAIC Adopts Resolution as Flood Insurance Program Sunsets

Department Concurs with the Resolution
Contact: Johnny Johnson, Deputy Commissioner
(334)241-4178

12/30/2002

The Department concurs with the recent NAIC Resolution concerning the National Flood Insurance Program and agrees to waive any regulatory actions related to technical compliance issues that arise solely because of the lack of reauthorization extending the sunset date that authorizes the National Flood Insurance Program to continue to issue or renew flood insurance policies beyond the December 31, 2002 sunset date that is currently in effect. For review of the NAIC News Release and Resolution please go to http://www.naic.org/pressroom/releases/rel02/doc/flood_resolution.doc

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