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Prohibits FEMA from requiring that insurers, agents, brokers, or adjusters who take part in the National Flood Insurance Program's Write Your Own (WYO) program be barred from offering or selling private flood insurance. It also forbids FEMA from adding any future WYO contract term that would impose such a restriction and defines the WYO Program for clarity.
The bill broadens consumer choice and insurer competition by letting WYO participants sell private flood policies while retaining NFIP roles, but it increases risks to NFIP-centered consumer protections, regulatory oversight, and clarity in pricing/marketing for homeowners.
Homeowners and flood-insurance buyers (and insurers/small businesses): gain greater access to private flood insurance and more competitive options because WYO participants can sell private policies while retaining NFIP participation.
Homeowners and state governments: preserve continuity of NFIP service delivery because existing WYO firms can keep their NFIP roles while also offering private coverage, avoiding disruptions to claims handling and policy servicing.
Homeowners: could face reduced NFIP-specific consumer protections if insurers prioritize selling private policies over standardized NFIP coverage.
State governments and financial institutions: will likely face increased regulatory complexity and potential conflicts of interest from firms handling both NFIP and private claims in the same communities.
Homeowners: may experience confusing marketing, cross-selling, or uneven pricing that makes it harder to compare NFIP and private policies and could raise costs for some buyers.
Introduced June 12, 2025 by Richard Lynn Scott · Last progress June 12, 2025