Section 102D of Chapter 175A of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by adding the following paragraph at the end thereof:–
The commissioner shall conduct a biennial investigation into flood insurance rates set by the national flood insurance program. The investigation shall focus on the affordability of flood insurance for home and business owners, the sustainability of the program, and whether the flood insurance premiums accurately reflect the risk of loss. The commissioner shall make each biennial report available to the public and submit the report to the clerks of the house of representatives and the senate.
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