; and (2) by striking subsection (b) and inserting the following new subsection: (b) Amount The amount of the surcharge under subsection (a) shall be $40, except as follows: (1) Non-primary residences eligible for PRP The amount of the surcharge under subsection (a) shall be $125 in the case of in the case of a policy for any property that is— (A) a residential property that is not the primary residence of an individual, and (B) eligible for preferred risk rate method premiums. (2) Non-residential properties and non-primary residences not eligible for PRP The amount of the surcharge under subsection (a) shall be $275 in case of in the case of a policy for any property that is— (A) a non-residential property; or (B) a residential property that is— (i) not the primary residence of an individual; and (ii) not eligible for preferred risk rate method premiums. . (b) Applicability The amendment made by subsection (a) shall apply with respect to policies for flood insurance coverage under the National Flood Insurance Act of 1968 that are newly issued or renewed after the expiration of the 12-month period beginning on the date of the enactment of this Act. 503. National Flood Insurance Reserve Fund compliance Section 1310A of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4017A ) is amended— (1) in subsection (c)(2)(D), by inserting before the period at the end the following: , including any provisions relating to chargeable premium rates or annual increases of such rates ; (2) in subsection (c)(3), by striking subparagraph (A) and inserting the following new subparagraph: (A) Parity In exercising the authority granted under paragraph (1) to increase premiums, the Administrator shall institute a single annual, uniform rate of assessment for all individual policyholders.