44 CFR 61.7
§ 61.7 Risk premium rate determinations.
United States · 44 CFR — Emergency Management and Assistance · Status: effective
Cite this
- Citation
- 44 CFR 61.7, § 61.7 Risk premium rate determinations, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/215201
- Permanent ID
ys:prov:215201@1- SHA-256
8a0807995517a7f46c489e1a1e5dd69e3233fd8ad6ef21117dcac508e68e7d01
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Pursuant to section 1307 of the Act, the Federal Insurance Administrator is authorized to undertake studies and investigations to enable him/her to estimate the risk premium rates necessary to provide flood insurance in accordance with accepted actuarial principles, including applicable operating costs and allowances. Such rates are also referred to in this subchapter as “actuarial rates.”
(b) The Federal Insurance Administrator is also authorized to prescribe by regulation the rates which can reasonably be charged to insureds in order to encourage them to purchase the flood insurance made available under the Program. Such rates are referred to in this subchapter as “chargeable rates.” For areas having special flood, mudslide (i.e., mudflow), and flood-related erosion hazards, chargeable rates are usually lower than actuarial rates.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.