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TeachMeFinance.com - explain Federal Policy Fee Federal Policy Fee The term 'Federal Policy Fee' as it applies to the area of flooding can be defined as 'A flat charge that the policyholder must pay on each new or renewal policy to defray certain administrative expenses incurred in carrying out the National Flood Insurance Program'. Previous 5 Terms: Federal Meat Inspection Act of 1906 Federal Medical Assistance Percentage Federal Noxious Weed Act Federal organizations Federal Plant Pest Act Next 5 Terms: Federal Power Act Federal Power Commission (FPC) Federal region Federal Register Federal Register (FR) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.