Which federal agency administers the NFIP?

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Multiple Choice

Which federal agency administers the NFIP?

Explanation:
NFIP is administered by FEMA, the federal agency responsible for coordinating disaster response and mitigation. FEMA oversees flood insurance nationwide, sets standards for floodplain management, and works with communities to reduce flood risk. The program is funded by policy premiums and federal reinsurance, continuing the federal effort to provide affordable flood insurance where the private market may not. HUD handles housing programs, SBA focuses on small business loans, and IRS handles taxation, so they do not administer the NFIP.

NFIP is administered by FEMA, the federal agency responsible for coordinating disaster response and mitigation. FEMA oversees flood insurance nationwide, sets standards for floodplain management, and works with communities to reduce flood risk. The program is funded by policy premiums and federal reinsurance, continuing the federal effort to provide affordable flood insurance where the private market may not.

HUD handles housing programs, SBA focuses on small business loans, and IRS handles taxation, so they do not administer the NFIP.

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