Washington–The Senate Banking Committee said it will hold a hearing next week to examine the functioning of the National Flood Insurance Program and how to improve it.
Andrew Gray, a spokesman for the committee, said the hearing next Wednesday will take a "structural look at the entire national flood insurance program."
He said it will examine such issues as whether the program is actuarially viable and whether claims are being paid on time. Although he said there is no specific legislation on the flood insurance program pending before the committee, he added that a bill could be drafted in the future.
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