The Federal statute that was intended to reduce the number of repetitive NFIP claims while also reducing flood losses

Question

Question: The Federal statute that was intended to reduce the number of repetitive NFIP claims while also reducing flood losses and costs associated with insurance claims is the

Options:

1.  National Flood Insurance Reform Act, 1994
2.  National Flood Insurance Act, 1968
3.  Flood Disaster Protection Act, 1973
4.  National Flood Insurance Reform Act, 2004

Answer 1

4. National Flood Insurance Reform Act, 2004

The Federal statute that was intended to reduce the number of repetitive NFIP claims while also reducing flood losses and costs associated with insurance claims is the National Flood Insurance Reform Act, 2004.