Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 44 - Emergency Management and Assistance |
Chapter I - Federal Emergency Management Agency, Department of Homeland Security |
SubChapter B - Insurance and Hazard Mitigation |
Part 67 - Appeals from Proposed Flood Elevation Determinations |
§ 67.10 - Rates during pendency of final determination.
Latest version.
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§ 67.10 Rates during pendency of final determination.
(a) Until such time as a final determination is made and proper notice is given, no person within a participating community shall be denied the right to purchase flood insurance at the subsidized rate.
(b) After the final determination and upon the effective date of a FIRM, risk premium rates will be charged for new construction and substantial improvements. The effective date of a FIRM shall begin not later than six months after the final flood elevation determination.