### Question
What does private flood insurance mean?


### Answer
**Private flood insurance** has the following meaning in *42 U.S.C. § 4012a*:

> 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**

