(1) Every insurer issuing a homeowner, condominium unit owner, residential tenant, and residential fire insurance policy that does not cover damage caused by flood must notify the policyholder that the policy does not cover damage caused by flood. The notice must also inform the policyholder how to contact the national flood insurance program ("NFIP") or one of the NFIP's agents. This notice must be provided:
(a) At the time the policy is issued; and
(b) At the time the policy is renewed.
(2) The following language, when combined with current information about how to contact the NFIP or its agent, satisfies the notice requirements of this section: