### Question
How does the law define private flood insurance?


### Answer
Under *42 U.S.C. § 4012a*, **private flood insurance** is defined as:

> an insurance policy that—


(A) is issued by an insurance company that is—


(i) licensed, admitted, or otherwise approved to engage in the business of insurance in the State or jurisdiction in which the insured building is located, by the insurance regulator of that State or jurisdiction

#### Citation:
  - *42 U.S.C. § 4012a*
  - Heading: **CHAPTER 50-NATIONAL FLOOD INSURANCE > SUBCHAPTER I-THE NATIONAL FLOOD INSURANCE PROGRAM**

