; and (II) the insurance industry. (4) Documentation of condition of foundation (A) In general If the holder of a policy for flood insurance coverage made available under this title documents the condition of the foundation of a structure covered by the policy with a photograph, video recording, or otherwise, and submits the documentation to the Administrator or the Write Your Own Company that sold the policy, as applicable, the Administrator or Write Your Own Company, respectively, shall keep the documentation and use the documentation when adjusting a claim that arises under the policy. (B) Notice to policyholders The Administrator shall notify a policyholder, when the policyholder purchases or renews a flood insurance policy sold under this title, that the policyholder may document the condition of the foundation of a structure covered by the policy in accordance with subparagraph (A). (5) Rule of construction Nothing in this subsection may be construed to modify the terms and conditions of the standard flood insurance policy. . (2) Application The amendment made by paragraph (1) shall apply with respect to a claim with a date of loss that is on or after the date that is 90 days after the date of enactment of this Act. (b) Regulations Not later than 90 days after the date of enactment of this Act, the Administrator shall issue the standards required under subsection (d)(3) of section 1312 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4019 ), as added by subsection (a)(1). 402. Coverage of pre-FIRM condominium basements and study on street raising (a) Basement clarification (1) In general Section 1305 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4012 ) is amended by adding at the end the following: (e) Availability of insurance for pre-FIRM condominium basements (1) Definition In this subsection, the term pre-FIRM condominium building means a condominium building that was not constructed or substantially improved after the later of— (A) December 31, 1974