National Flood Insurance Compliance, Mitigation, and Erosion Management Act of 1991

[AI summary unavailable — showing source text] National Flood Insurance Compliance, Mitigation, and Erosion Management Act of 1991 - Amends the National Flood Insurance Act of 1968 (the Act) to terminate the flooded property purchase and loan program. Terminates the erosion-threatened structures program. Establishes a system of ratings and incentives for community floodplain management. Requires the Director of the Federal Emergency Management Agency (the Director) to: (1) evaluate the floodplain and erosion management measures taken by areas (and subdivisions) for which national flood insurance coverage has been made available; and (2) provide incentives in the form of reduced premium rates for such flood insurance coverage in areas that have adopted exemplary or particularly effective measures for such management. Requires such program to be carried out with amounts from the National Flood Insurance Fund. Terminates such program after ten years, or sooner if Congress so legislates. Requires the Director to report to specified congressional committees. Authorizes programs funding. Establishes a program of mitigation insurance for flood and erosion damage. Requires the Director to provide, under the Federal flood insurance prog…