(a) An insurer shall file with the Department all forms for flood insurance coverage in accordance with § 2712 of this title.
(b) The Department may require, through the promulgation of regulations, additional conditions related to the forms or rates for private residential flood insurance coverage, including any of the following:
(1) That an authorized insurer may issue an insurance policy, contract, or endorsement.
(2) For residential properties required to have flood insurance that are in a special flood hazard area designated by the Federal Emergency Management Agency, that the coverage at least meets the private flood insurance requirements as specified in 42 U.S.C. § 4012a(b) and applicable federal regulations in document 84 FR 4953, effective July 1, 2019.