republic-os/legal/us/code/title-42/chapter-50/section-4027b.md

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LegalText	42 U.S.C. § 4027b	Assessment of claims-paying ability	us	united_states_code	code_section	42	THE PUBLIC HEALTH AND WELFARE	50	NATIONAL FLOOD INSURANCE	4027b	42 U.S.C. § 4027b	current	119-100	2026-06-26	official	https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc42@119-100.zip	/us/usc/t42/s4027b	data/legal/raw/us/code/title-42/usc42.xml	4fe0083df4931602c26bc16a809a1c73914f7e9c2088be92f3270c39b2723d75	644321055a08eb1f260a6a3e31ac157fa024756abf612a9fd6857e7e400cf24e	1198f6bd47dd090753ac7c1ffc96484affa274ddee73b90a2a4a48d4e2586f80	2026-07-04	official	legal us-code

42 U.S.C. § 4027b - Assessment of claims-paying ability

Text

(1) Assessment (A) Assessment required (i) In general Not later than September 30 of each year, the Administrator shall conduct an assessment of the ability of the National Flood Insurance Program to pay claims.

(ii) Private market reinsurance The assessment under this paragraph for any year in which the Administrator exercises the authority under section 4055(a)(2) of this title, as added by this section,11 See References in Text note below. to secure reinsurance of coverage provided by the National Flood Insurance Program from the private market shall include information relating the use of private sector reinsurance and reinsurance equivalents by the Administrator, whether or not the Administrator used the borrowing authority under section 4016 of this title.

(iii) First assessment The Administrator shall conduct the first assessment required under this paragraph not later than September 30, 2012.

(B) Considerations In conducting an assessment under subparagraph (A), the Administrator shall take into consideration regional concentrations of coverage written by the National Flood Insurance Program, peak flood zones, and relevant mitigation measures.

(2) Annual report of the Administrator of activities under the National Flood Insurance Program The Administrator shall—

(A) include the results of each assessment in the report required under section 4027a of this title; and

(B) not later than 30 days after the date on which the Administrator completes an assessment required under paragraph (1), make the results of the assessment available to the public.

(Pub. L. 112–141, div. F, title II, § 100232(e), July 6, 2012, 126 Stat. 955.)

Notes

Editorial Notes

References in TextThis section, referred to in par. (1)(A)(ii), means section 100232 of Pub. L. 112–141, which enacted this section and amended sections 4051, 4052, 4055, 4082, and 4121 of this title.

Codification Section was enacted as part of the Biggert-Waters Flood Insurance Reform Act of 2012, and also as part of the Moving Ahead for Progress in the 21st Century Act, also known as the MAP–21, and not as part of the National Flood Insurance Act of 1968 which comprises this chapter.

Statutory Notes and Related Subsidiaries

Definitions For definitions of terms used in this section, see section 4004 of this title.