by the Administrator. In cases where extraordinary circumstances, as established by regulation, are demonstrated, the 120-day period may be extended by additional successive periods of 30 days. (d) Administrative remedy A policyholder shall exhaust all administrative remedies, including submission of disputed claims to appeal under subsection (a), prior to commencing legal action on a disputed claim. (e) Rules of construction This section shall not be construed as— (1) making the Federal Emergency Management Agency or the Administrator a party to the flood insurance contract