The National Flood Insurance Program has been renewed until July 31, 2018 after a series of short-term extensions. Late last year, however, FEMA released this memo outlining procedures if the program were to lapse. Our national association worked with FEMA on the guidance, and they continue to work with Congress on a long-term extension and other reforms. 

It states that during a lapse in authority, a WYO company may not issue policies for new business or respond to requests to increase or add coverage that are initiated during the lapse. In addition, WYO companies cannot issue renewal notices during the lapse. 

Insurance agents and brokers who sell and service NFIP policies should be in touch with the WYO companies that they work with if they have questions about procedures in the event of a lapse in NFIP authority.​