HB1307
Type: B Origin: House USA Comments: 0

To Repeal The Mandatory Flood Insurance Coverage Requirement For Commercial Properties Located In Flood Hazard Areas, And For Other Purposes.

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The bill aims to eliminate the mandatory flood insurance coverage requirement for commercial properties situated in flood hazard areas. It seeks to provide relief by removing this obligation and potentially reducing financial burdens on property owners. The main provision of the bill is the repeal of the mandatory flood insurance mandate for commercial properties in flood-prone regions. This change could have implications for property owners in terms of cost savings and insurance obligations.

Bill Activity

  • 2023-03-01: Introduced in House

  • 2023-03-01: Referred to the House Committee on Financial Services.

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