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Insurance agents selling flood-insurance policies will no longer be allowed to cede a portion of their commissions to property owners to induce them to purchase insurance—a practice known as insurance rebating.

The Federal Emergency Management Agency (FEMA) announced in an April 4 bulletin that the new policy will be effective Oct. 1. The bulletin says the Federal Insurance and Mitigation Administration (FIMA) had received inquiries from interested parties regarding the practice.

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