((a)) ** Imposition and collection** The Administrator shall impose and collect an annual surcharge, in the amount provided in subsection (b), on all policies for flood insurance coverage under the National Flood Insurance Program that are newly issued or renewed after . Such surcharge shall be in addition to the surcharge under and any other assessments and surcharges applied to such coverage.section 4011(b) of this titleMarch 21, 20142014-03-21

((b)) ** Amount** The amount of the surcharge under subsection (a) shall be—

((1)) $25, except as provided in paragraph (2); and

((2)) $250, in the case of a policy for any property that is—

((A)) a non-residential property; or

((B)) a residential property that is not the primary residence of an individual.

((c)) ** Termination** Subsections (a) and (b) shall cease to apply on the date on which the chargeable risk premium rate for flood insurance under this chapter for each property covered by flood insurance under this chapter, other than properties for which premiums are calculated under subsection (e) or (f) of or or under section 100230 of the Biggert-Waters Flood Insurance Reform Act of 2012 ( note), is not less than the applicable estimated risk premium rate under for such property.section 4014 of this titlesection 4056 of this title42 U.S.C. 4014section 4014(a)(1) of this title