National Flood Program to Lapse for 8 Hours Tonight

Unfortunately, Congress sometimes waits until the last hour to act upon legislation even though many times that legislation might greatly impact those it represents. As has been the case in the past, Congress has waited until the last minute to temporarily extend the National Flood Insurance Program (NFIP) that is set to expire tonight, Dec. 18, 2009. The extension this time however, has run into some trouble.

The NFIP two-month extension is wrapped up in the Defense appropriations bill that the Senate has pushed to a Saturday morning vote. The NFIP will expire for a period of about 8 hours, beginning at 12:01 a.m. on Dec. 19 and is expected to be renewed for two months in the morning hours of Dec. 19 when we anticipate the bill will be passed and signed by the president.

No new policies can be renewed or written during this time, until the bill is signed by President Obama.

Congressional advisors have assured NAMIC that no harm can be foreseen in this temporary lapse and insurance companies and policyholders should not panic. This FEMA document can help you take appropriate steps to deal with the short-term lapse of the program that will occur.

NAMIC staff will send an additional member alert upon signature of the appropriations bill.

Please direct questions to Kathy Mitchell.