HB 2084 -- Flood Insurance

Sponsor:  Aull

This bill establishes the Missouri Man-made Spring River Rise
Flood Insurance Authority for the purpose of ensuring that all
property owners in areas subject to flooding due to man-made
spring river rises have access to flood insurance.

The authority will consist of seven members including the
Director of the Department of Insurance and six members appointed
by the Governor with the advice and consent of the Senate.

The authority is authorized to adopt bylaws, conduct business,
issue bonds or other forms of indebtedness, collect reasonable
fees and charges necessary to make flood insurance policies
available, and invest moneys.  The authority must file an annual
report with the director showing the previous year's income,
expenditures, and bonds or other forms of indebtedness issued and
outstanding.

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:45 am