To require clear and comprehensible disclosure of conditions, exclusions, and other limitations pertaining to flood insurance coverage.

SA 4728. Mrs. McCASKILL submitted an amendment intended to be
proposed to amendment SA 4707 proposed by Mr. Dodd (for himself and Mr.
Shelby) to the bill S. 2284, to amend the National Flood Insurance Act
of 1968, to restore the financial solvency of the flood insurance fund,
and for other purposes; which was ordered to lie on the table; as
follows:

At the end of title I, add the following:

SEC. 133. POLICY DISCLOSURES.

(a) In General.--Notwithstanding any other provision of
law, in addition to any other disclosures that may be
required, each policy under the National Flood Insurance
Program shall state all conditions, exclusions, and other
limitations pertaining to coverage under the subject policy,
regardless of the underlying insurance product, in plain
English, in boldface type, and in a font size that is twice
the size of the text of the body of the policy.
(b) Violations.--Any person that violates the requirements
of this section shall be subject to a fine of $10,000, per
policy.
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