Congressional action in 2012 extended the National Flood Insurance Pro
Congressional action in 2012 extended the National Flood Insurance Program (NFIP) until 2017. Which of the following is a key provision of the Biggert-Waters Flood Insurance Reform and Modernization Act of 2012?
A) elimination of the waiting period for coverage to start
B) elimination and phase-outs of several rate subsidies
C) write-off of the multi-billion dollar deficit attributable to Hurricane Katrina claims
D) elimination of deductibles in NFIP policies
ANSWER
Answer: B
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