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Association of State Flood Plain Managers Association of State Flood Plain Managers
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NFIP Bulletin Highlights April 1, 2015 Program Changes
Thursday, October 2, 2014
National Flood Insurance Program

April 1, 2015, Program Changes: A Summary

This bulletin implements more of the required changes to the rate structure and some of the 
business practices with the NFIP as a result of the Homeowner Flood Insurance Affordability 
Act (HFIAA) and Biggert-Waters 12 (Biggert-Waters). Key changes in the bulletin include: 

• Implementation of the first annual rate change that sets rates using rate increase 
limitations set by HFIAA, for individual premiums and rate classes: 
- Limiting premium increases for individual premiums to 18 percent premium;
- Limiting increases for average rate classes to 15 percent; and
- Mandatory increases for certain subsidized policyholders under Biggert-Waters and 
HFIAA. 

• Increasing the Reserve Fund assessments required by Biggert-Waters. 

• Implementation of the annual surcharges required by HFIAA. 

• Guidance on substantially damaged and substantially improved structures and additional 
rating guidance on Pre-Flood Insurance Rate Map (FIRM) structures. 

• Implementation of a new procedure for Properties Newly Mapped into the Special Flood 
Hazard Area and existing Preferred Risk Policy Eligibility Extension (PRP EE) policies. 
The premiums will be the same as the Preferred Risk Policy for the first year (calculated 
before fees and assessments) to comply with provisions of HFIAA. 

• Reformulation of expense loading on premiums, reducing the expense load on the 
highest risk policies as an interim step while investigating expenses on policies as 
required by Biggert-Waters.

The changes outlined in this bulletin will take effect on April 1, 2015, for new business and 
renewals beginning April 1, 2015.




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