GOHSEP Elected_Officials_Manual_2015

GOHSEP
Louisiana Elected Officials
Emergency Management Manual
Prepare + Prevent + Respond + Recover + mitigate
5.4.1 Insurance Commissioner’s
Certification (ICC)
Following a disaster, the Robert T. Stafford
Disaster Relief and Emergency Assistance Act
An ICC is the best way to
ensure continued eligibility
for FEMA PA.
(Stafford Act) requires Applicants to obtain
and maintain (O & M) insurance, provided that
insurance is reasonably available, to be eligible
for FEMA Public Assistance (PA) funding in a
subsequent disaster. This is often referred to as the O & M requirement. To meet the O & M
requirement, insurance coverage must be:
• Obtained and maintained on all damaged facilities that received FEMA PA funding.
• At least equal to the value of the eligible damage to the facility and for the specific
hazard that caused the damage.
Insurance market conditions sometimes prevent an Applicant’s ability to reasonably meet
the O & M requirement. The Stafford Act then allows an Applicant to apply for an Insurance
Commissioner’s Certification (ICC). The ICC acts as a declaration that some portion of the O & M
requirement is not reasonably available to the FEMA PA Applicant.
ICC Criteria
The Louisiana Commissioner of Insurance, working with GOHSEP, has established criteria
an Applicant must meet to be eligible for an ICC:
• Applicant must demonstrate reasonable attempts to obtain and maintain insurance
in the amounts required by the Stafford Act.
• Must establish a minimum insurance budget.
• Must follow a specified insurance procurement procedure that includes
purchasing the maximum amount of insurance available through the National
Flood Insurance Program (NFIP).
• Schedule coverage when using blanket insurance policies, pooling arrangements,
layered policy arrangements or some combination of those options.
• Deductibles cannot exceed 15 percent of property insurance coverage.
5.4.1 ICC Page 1 of 3