; and (2) by adding at the end the following new paragraph: (2) Monthly installment payment of premiums (A) Exemption from rulemaking Until such time as the Administrator promulgates regulations implementing paragraph (1) of this subsection, the Administrator may adopt policies and procedures, notwithstanding any other provisions of law and in alignment and consistent with existing industry escrow and servicing standards, necessary to implement such paragraph without undergoing notice and comment rulemaking and without conducting regulatory analyses otherwise required by statute, regulation, or Executive order. (B) Installment plan fee The Administrator may charge policyholders choosing to pay premiums in monthly installments a fee not to exceed $50 annually. (C) Pilot program The Administrator may initially implement paragraph (1) of this subsection as a pilot program that provides for a gradual phase-in of implementation. . 106. Enhanced clear communication of flood risks (a) In general Subsection (l) of section 1308 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4015(l) ) is amended to read as follows: (l) Clear communications (1) Newly issued and renewed policies For all policies for flood insurance coverage under the National Flood Insurance Program that are newly issued or renewed, the Administrator shall clearly communicate to policyholders— (A) their full flood risk determinations, regardless of whether their premium rates are full actuarial rates