A bill to ensure that Write Your Own companies can sell private flood insurance products that compete with National Flood Insurance Program products.

This bill would prevent the Federal Emergency Management Agency (FEMA) and the National Flood Insurance Program (NFIP) from forcing Write Your Own (WYO) insurance partners to agree to non-compete restrictions. A non-compete would bar those private insurers, agents, brokers, and related organizations from selling private flood insurance products while participating in the NFIP’s WYO program. By adding a new subsection to the NFIA (National Flood Insurance Act of 1968), the bill aims to allow private flood insurance products to compete with NFIP offerings, ensuring that participation in the WYO program cannot be conditioned on foregoing private flood insurance sales. The overall goal is to boost private market competition in flood coverage.