Modernizes private flood insurance in Massachusetts by establishing regulations and requirements for insurers.

The Massachusetts Private Flood Insurance Act establishes regulations and requirements for private flood insurance policies. It defines terms such as "flood," "private flood insurance," "standard flood insurance," and "nonstandard flood insurance." The act requires insurers to file rates, forms, and other information with the Commissioner of Insurance. It mandates that private flood insurance policies contain specific information, such as deductibles and policy limits.

Modernizes private flood insurance in Massachusetts by establishing regulations and requirements for insurers.

The Massachusetts Private Flood Insurance Act establishes regulations and requirements for private flood insurance policies. It defines terms such as "flood," "private flood insurance," "standard flood insurance," and "nonstandard flood insurance." The act requires insurers to file rates, forms, and other information with the Commissioner of Insurance. It mandates that private flood insurance policies contain specific information, such as deductibles and policy limits.