based on the conditions of the insurance market for such determination, including the geographic area subject to the determination. (3) Effective date A determination under paragraph (2) shall take effect for purposes of paragraph (1) upon receipt by the Administrator of written notice of such determination, in accordance with such requirements as the Administrator shall establish. (4) Surcharge Any flood insurance coverage made available for a property pursuant to this subsection shall be made available at chargeable premium rates otherwise determined under this title for such property, notwithstanding subsection (f), except that the Administrator shall impose and collect a surcharge for such coverage in an amount equal to 10 percent of such chargeable premium rate, which shall be deposited into the National Flood Insurance Fund established under section 1310. (5) Conditions for termination Upon making a determination under paragraph (2), the Administrator shall also identify measurable criteria for determining when the conditions determined under paragraph (2) have ceased to exist for the affected geographical area. (6) Notice to Congress Upon making a determination under paragraph (2), the Administrator shall provide, to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate, written notice of such determination, the geographical area to which such determination applies, and the specific measurable criteria identified pursuant to paragraph (5). (7) Termination The authority to make direct flood insurance coverage available pursuant to this subsection shall terminate upon the earlier of— (A) the expiration of the 12-month period beginning upon the date that notice under paragraph (6) is provided to the specified Committees