Expiration of NFIP and Reform

The NFIP [National Flood Insurance Program codified at 42 USC 4001 and following] will expire the end of May. It probably will be extended but a single legislative change could reform the program adequately for many years. Sales of insurance could be conducted only in mapped areas under the NFIP. This would require the following language to be inserted in any appropriate place in the statute: National Flood Insurance availability: Insurance under the NFIP will only be made available after December 31, 2012, in areas designated as numbered or unnumbered A or V zones on NFIP maps. This would help to ensure that further taxpayer subsidy of the NFIP are unnecessary. This seemingly simple change which conforms to the original statutory intent would have numerous implications that I leave to others to discern.