Massachusetts H1085 mandates a biennial investigation into flood insurance rates by the Commissioner of the Division of Insurance.

Massachusetts H1085 requires the Commissioner of the Division of Insurance to conduct a biennial investigation into flood insurance rates set by the National Flood Insurance Program. The investigation will focus on the affordability of flood insurance for home and business owners, the sustainability of the program, and whether the flood insurance premiums accurately reflect the risk of loss. The Commissioner must make each biennial report available to the public and submit it to the clerks of the General Court.

Massachusetts H1085 mandates a biennial investigation into flood insurance rates by the Commissioner of the Division of Insurance.

Massachusetts H1085 requires the Commissioner of the Division of Insurance to conduct a biennial investigation into flood insurance rates set by the National Flood Insurance Program. The investigation will focus on the affordability of flood insurance for home and business owners, the sustainability of the program, and whether the flood insurance premiums accurately reflect the risk of loss. The Commissioner must make each biennial report available to the public and submit it to the clerks of the General Court.