Which agency primarily administers the NFIP?

The National Flood Insurance Program (NFIP) is primarily administered by the Federal Emergency Management Agency (FEMA). This program was established to reduce the financial impact of flooding on both communities and individuals by providing affordable flood insurance. FEMA plays a crucial role in overseeing the program, managing floodplain management standards, and coordinating the mapping of flood-prone areas, which helps determine insurance rates and eligibility.

In contrast, the National Insurance Association, while involved in insurance matters, does not specifically administer the NFIP. State Insurance Commissions regulate insurance at the state level but do not oversee federal programs like the NFIP. Similarly, while the Department of the Treasury has a role in federal financial policies and programs, it does not manage the NFIP directly. Thus, FEMA is the correct agency to manage and implement the NFIP's objectives.