National Flood Insurance Program: Hearings Before the Subcommittee on Governmental Efficiency and the District of Columbia of the Committee on Governmental Affairs, United States Senate, Ninety-fifth Congress, First Session ... |
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Page 4
... estimated 883,000 policies , representing about $ 26.6 billion of insurance , were in force . Senator EAGLETON . What is that figure again ? Mr. ESCHWEGE . $ 26.6 billion of insurance coverage . Senator EAGLETON . How many policies ? Mr ...
... estimated 883,000 policies , representing about $ 26.6 billion of insurance , were in force . Senator EAGLETON . What is that figure again ? Mr. ESCHWEGE . $ 26.6 billion of insurance coverage . Senator EAGLETON . How many policies ? Mr ...
Page 5
... estimates to actual cost and income data , and deter- mine the cost of specific flood disasters . Senator EAGLETON . What you are saying is that if you had accurate data , you could do all of those things . With inaccurate or incomplete ...
... estimates to actual cost and income data , and deter- mine the cost of specific flood disasters . Senator EAGLETON . What you are saying is that if you had accurate data , you could do all of those things . With inaccurate or incomplete ...
Page 8
... estimate of certain financial figures including the payment due to the association . The association submitted the data requested with the qualification that the estimates were based on numerous assumptions and projec- tions . because ...
... estimate of certain financial figures including the payment due to the association . The association submitted the data requested with the qualification that the estimates were based on numerous assumptions and projec- tions . because ...
Page 9
... estimate the premium rates necessary to cover the estimated full cost of insurance claims . However , the association did not have its claims payment process under adequate financial control . Senator EAGLETON . To me this is a very ...
... estimate the premium rates necessary to cover the estimated full cost of insurance claims . However , the association did not have its claims payment process under adequate financial control . Senator EAGLETON . To me this is a very ...
Page 12
... estimated that a total of 6,900 staff days would be needed to bring the entire system up to acceptable levels . In February 1977 , HUD established a task force within FIA with the objective of working with the association to obtain ...
... estimated that a total of 6,900 staff days would be needed to bring the entire system up to acceptable levels . In February 1977 , HUD established a task force within FIA with the objective of working with the association to obtain ...
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Common terms and phrases
accounting ADP system agents agreement amount arbitration Arthur Andersen audit August 30 billing Bradford Bradford system claims Committee competitive bidding computer system Congress contract contractor Control Account correct cost coverage decision deficiencies DEMPSEY document ESCHWEGE Federal Insurance Administrator FIA and NFIA FIA's financial control financial statements fiscal Flood Insurance Act Flood Insurance Policy flood insurance program Flood Insurers Association Government Housing and Urban HUD's HUDAK HUNTER implementation Inspector insurance companies insurance industry issue January July July 21 June 30 letter loss March 21 matter meeting memo memorandum ment MILLAR million months National Flood Insurance negotiations NFIA's November October 28 Office operation payment percent personnel Policy Master File policyholders problems PROKOP proposed RAZIANO record responsibility Robert Hunter Secretary Senator EAGLETON servicing companies specifications staff Standard Flood Insurance statistical subcommittee Subsystem takeover termination tion transactions Urban Development WEESE
Popular passages
Page 400 - The decision of the Secretary or his duly authorized representative for the determination of such appeals shall be final and conclusive unless determined by a court of competent jurisdiction to have been fraudulent, or capricious, or arbitrary, or so grossly erroneous as necessarily to imply bad faith, or not supported by substantial evidence.
Page 405 - (5) The contractor will furnish all information and reports required by Executive Order No. 11246 of September 24, 1965, and by the rules, regulations, and orders of the Secretary of Labor, or pursuant thereto, and will permit access to his books, records, and accounts by the contracting agency and the Secretary of Labor for purposes of investigation to ascertain compliance with such rules, regulations, and orders.
Page 327 - In our opinion, the financial statements referred to above present fairly the financial position of the various funds of Delaware River Port Authority at December 31, 1985 and the results of its operations and the changes in its financial position for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year.
Page 143 - This company shall not be liable for loss caused directly or indirectly by invasion, insurrection, riot, civil war or commotion, or military or usurped power, or by order of any civil authority ; or by theft ; or by neglect of the insured to use all reasonable means to save and preserve the property at and after a fire, or when the property is endangered by fire in neighboring premises...
Page 405 - Contractor will send to each labor union or representative of workers with which he has a collective bargaining agreement or other contract or understanding, a notice, to be provided by the agency Contracting Officer, advising the labor union or workers...
Page 185 - Statutes or any other provision of law requiring competitive bidding. (2) No such contract shall be entered into with any carrier unless the Secretary finds that such carrier will perform its obligations under the contract efficiently and effectively and will meet such requirements as to financial responsibility, legal authority, and other matters as he finds pertinent.
Page 327 - Our examinations were made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.
Page 133 - ... (4) Each contract under this section shall be for a term of at least one year, and may be made automatically renewable from term to term in the absence of notice by either party of intention to terminate at the end of the current term...
Page 395 - Copies of this report are being sent to the Chairmen of the House and Senate Committees on Appropriations and Armed Services, the House Committee on Government Operations, and the Senate Committee on Governmental Affairs.
Page 194 - Affairs no later than 60 days after the date of the report and to the House and Senate Committees on Appropriations with the agency's first request for appropriations made more than 60 days after the date of the report.