33 Miss. Code. R. 208-3.9

Current through December 10, 2024

Rule 33-208-3.9

The community may declare any existing structure as a repetitive loss structure as required to qualify the structure for increased cost of compliance (ICC) benefits allowed by a National Flood Insurance Program flood policy claim. To be declared a repetitive loss structure, the following conditions must be met:

(1) The structure must have a flood insurance policy that includes the increased cost of compliance coverage and;

(2) The structure must have been flooded twice during a ten-year period with each flood event causing damage for which the repair cost equaled or exceeded 25% of the market value of the structure.

33 Miss. Code. R. 208-3.9

Miss. Code Ann. § 51-9-127 (Rev. 2000)

Adopted 9/19/2022