(a) With respect to the regulation of private flood insurance coverage written in this State by authorized insurers, this Section supersedes any other provision of the Illinois Insurance Code in the event of a conflict. (b) An insurer shall certify that the insurance policy meets the definition of "private flood insurance", as specified in paragraph (7) of subsection (b) of 42 U.S.C. 4012a and applicable federal regulations. (c) Nothing in this Act is intended to restrict the use of existing filings by an insurer or limit the ability of private insurers to provide flood insurance coverage of any type not addressed in this Act.
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