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  • Petition for Declaratory Statement regarding Fire Sprinkler Opt Out Statute

    View all CAN Alerts

    Federal Issues & Resources

    ISSUES:

    FEMA to Discontinue the rebating of Agents’ Commissions:

    FEMA recently announced that it will no longer allow insurance agents to offer rebates on amounts paid for flood insurance in Florida. In a memorandum dated April 4, 2012, the Federal Government will end the practice of providing associations with rebates on flood insurance premiums, effective October 1, 2012.

    The Federal Government has instructed Write Your Own (WYO) flood carriers to stop allowing agents to rebate any portion of their commission. This prohibits the rebating of commissions on all new or renewal NFIP policies.

    The Federal Insurance and Mitigation Administration concluded that the goals of the National Flood Insurance program are better served by a system of uniform national pricing that will ensure that policyholders pay the same price for the same risk.

    Hotlink to Petition

    Special Approval Designation for Florida Condominiums

    A list of Fannie Mae approved communities

    Click here to view List

     

    RESOURCES:

    Federal Emergency Management Agency

    Federal Housing Administration

    Small Business Administration

    News Alert

    Click the link HERE to view the pdf for "Petition for Declaratory Statement regarding Fire Sprinkler Opt Out Statute"

    Community Association Institute (CAI) Joins Forces with the Community Advocacy Network (CAN) in the Fight Against Specially Taxing Homeowners – Vote No HB 203/SB 722