Interagency Flood Insurance Questions and Answers 2022 Summary

Updated 08/30/2022

The Agencies recently published reorganized, revised, and expanded Interagency Questions and Answers (Q&A) Regarding Flood Insurance. With this issuance, the Agencies are consolidating the Q&A proposed in July 2020 and the Q&A proposed in March 2021 into one set of Interagency Q&A Regarding Flood Insurance. Some of the key topics addressed include guidance related to major amendments to the flood insurance laws, such as:•    Escrow of flood insurance premiums;
•    The detached structure exemption;
•    Force placement procedures; and
•    Acceptance of flood insurance policies issued by private insurers.

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