Oversight of the Federal Flood Insurance Program: Hearings Before the Subcommittee on Housing and Community Development of the Committee on Banking, Finance and Urban Affairs, House of Representatives, Ninety-fifth Congress, First Session, September 7 and 8, 1977 |
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Common terms and phrases
accounting period actual cash value adjustment Agreement American Insurance Association Arthur Andersen Article ASHLEY assistance audit authority BROWN budget Chairman claims Committee competitive bids Computer System Congress contract contractor cost deductible Department of Housing disallowed disaster expenditures federal flood insurance Federal Government Federal Insurance Administration financial control flood damage Flood Insurance Act Flood Insurance Policy flood insurance program Flood Insurers Association flood program GONZALEZ homeowners homeowners insurance Housing and Urban HUD and NFIA HUD's HUD/FIA Hurricane Agnes Independent Insurers Insurance Commissioner insurance companies issue Johnstown MAIER ment million mobile homes NAIC National Flood Insurance negotiations NFIA members NFIA's Office operation oversight participation period parties partnership payments Pennsylvania Insurance Department policyholder premiums private insurance industry private sector problems property insurance proposed records regulations reimbursement request responsibility risk capital Secretary Harris Sheppard Standard Flood Insurance statement termination tion Urban Development WEESE
Popular passages
Page 56 - (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 15 - A cost is reasonable if, in its nature or amount, it does not exceed that which would be incurred by an ordinarily prudent person in the conduct of competitive business.
Page 56 - ... terminated, or suspended, in whole or in part, and the contractor may be declared ineligible for further Government contracts in accordance with procedures authorized In Executive Order No.
Page 57 - Contractor may be declared ineligible for further Government contracts in accordance with procedures authorized in Executive Order No. 11246 of September 24, 1965, and such other sanctions may be imposed and remedies invoked as provided in Executive Order No. 11246 of September 24, 1965, or by rule, regulation, or order of the Secretary of Labor, or as otherwise provided by law.
Page 69 - Colonial agree as follows: 1. Definitions. — As used in this Agreement the following terms shall have the indicated respective meanings: (a) "Completion...
Page 56 - 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 346 - The police power of a state is an indispensable prerogative of sovereignty and one that is not to be lightly limited. Indeed, even though at times its operation may seem harsh, the imperative necessity for its existence precludes any limitation upon its exercise save that it be not unreasonably and arbitrarily invoked and applied.
Page 57 - Contractor will take such action with respect to any subcontract or purchase order as the contracting agency may direct as a means of enforcing such provisions, including sanctions for noncompliance: Provided, however, that in the event the Contractor becomes involved in, or is threatened with litigation with a subcontractor or vendor as a result of such direction by...
Page 241 - It is therefore the purpose of this title to (1) authorize a flood insurance program by means of which flood insurance, over a period of time, can be made available on a nationwide basis through the cooperative efforts of the Federal Government and the private insurance industry, and (2) provide flexibility in the program so that such flood insurance may be based on workable methods of pooling risks, minimizing costs, and distributing burdens equitably among those who will be protected by flood insurance...
Page 239 - Congress in 1963, provides (1) the means by which flood insurance, over a period of time, can be made available through the cooperative efforts of the Federal Government and the private insurance industry, and (2) the flexibility for such insurance to be based on workable methods of pooling risks, minimizing costs, and distributing burdens equitably among those protected by flood insurance and the general public (PL 90-448, 82 Stat.