FEMA to allow monthly installment payments for NFIP coverage
The Federal Emergency Management Agency today published [89 FR 87299] a final rule revising the National Flood Insurance Program's regulations to offer NFIP policyholders who are not required to escrow their premiums and fees for flood insurance the option of paying their annual flood insurance premium in monthly installments.
The rule will become effective December 31, 2024.
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$31,000
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