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

This bill amends the National Flood Insurance Act of 1968 to ensure that "Write Your Own" (WYO) companies can sell private flood insurance products that compete with federal offerings. It explicitly prohibits the Administrator of the National Flood Insurance Program (NFIP) from imposing any non-compete clauses on WYO companies as a condition of their participation in the program or other NFIP activities. This means that private insurers currently partnering with FEMA to sell federal flood policies will be free to also offer their own private flood insurance options without jeopardizing their NFIP involvement. The legislation defines the Write Your Own Program as FEMA's arrangement with private companies to sell NFIP coverage and handle claims. By removing these restrictions, the bill aims to foster a more competitive flood insurance market, providing consumers with a broader range of choices and mandating that future WYO agreements exclude such conditions.