On November 17th, the OCC issued a Bulletin on the Federal Emergency Management Agency's announcement that Preferred Risk Policy eligibility will be extended for two years effective January 1, 2011, or the effective date of the flood map revision, whichever is later, for some policies covering buildings newly mapped within a Special Flood Hazard Area by a flood map revision effective on or after October 1, 2008. OCC Bulletin 2010-40.