SECTION 386.505. What must I do when I receive the Group Flood Insurance Policy (GFIP)?

(a) You must review the list of policy exclusions on the Certificate of Flood Insurance to see if you are eligible for coverage.

(b) You are not covered if you are determined to be ineligible for coverage based on the exclusions established by the National Flood Insurance Program (NFIP).

(c) If you do not review the exclusions, you may find your property is not covered by the insurance policy when you file for losses when the next flood incident occurs.

(d) If you find your damaged buildings, contents, or both, are ineligible for coverage, you must notify NFIP in writing to have:

(1) your name removed from the GFIP; and

(2) the flood insurance maintenance requirement expunged from the NFIP date-tracking system.

(e) At your request, NFIP will make the Standard Flood Insurance Policy available for reference or review.

Source Note: The provisions of this §386.505 adopted to be effective April 6, 2003, 28 TexReg 2956; transferred effective September 1, 2004, as published in the Texas Register September 17, 2004, 29 TexReg 9013