So, i was reading the new Q&A for Flood and it states that a bank must send out the notice of flood insurance 45 days from the day the flood policy actually lapses. So that means we are covered for only 30 days and uncovered for 15 days. My question is if we have examiners in during that 15 day period and they see we are uncovered, can they write us up for that? How can we cover ourselves for the 15 days?

I know of no basis for a regulator being able to cite you for the 15-day gap. This is standard procedure under the way the rules are written and the policies work. However, if your bank is concerned about the gap and wants to protect itself, you could purchase the insurance and pay the premiums yourself for the 15-day period, but you can't charge the customer for that period.