To amend the National Flood Insurance Act of 1968 to allow for the consideration of private flood insurance for the purposes of applying continuous coverage requirements, and for other purposes.

This bill amends the National Flood Insurance Act to allow private flood insurance policies to count toward continuous coverage requirements. It directly affects property owners who purchase private flood insurance, as it now permits those policies to satisfy the same continuous coverage rules previously only applicable to the federal National Flood Insurance Program (NFIP). The key provision requires the NFIP Administrator to consider periods of private flood insurance coverage as equivalent to NFIP coverage when determining eligibility for continuous coverage under federal law. This change simplifies compliance for property owners seeking to maintain uninterrupted flood insurance coverage without relying solely on the NFIP.