Flood Insurance Training for Agents
Presented by the National Flood Insurance Program
Key Fundamentals of Flood Insurance for Agents
A Two-Part Webinar Course
Key Fundamentals of Flood Insurance for Agents (Part 1):
This session is the first part of a two-part course on the National Flood Insurance Program. It includes the topics listed in a Federal Register notice on training and education requirements related to Section 207 of the Flood Insurance Reform Act of 2004, otherwise known as FIRA 2004.
It brings participants the latest information on reform legislation impacting the NFIP as it reviews the key elements that insurance agents need to know about how the NFIP works. It also discusses many of the federal flood program's general rules such as:
• The definition of a flood
• Who can buy flood insurance
• Who must purchase flood insurance
• Amount of insurance available
• A review of flood zones and flood risk
Key Fundamentals of Flood Insurance for Agents (Part 1) also captures how to write and rate an NFIP policy with a case study approach that takes participants through a step-by-step example of how to put together the necessary components to rate a policy, beginning with an overview of FEMA's Elevation Certificate and how it is used in the rating process. The session concludes with a review of subsidized and full-risk rating in the NFIP.
Key Fundamentals of Flood Insurance for Agents (Part 2):
This session is a continuation of Key Fundamentals of Flood Insurance for Agents (Part 1). It begins where Part 1 ends as it continues to provide the latest reform legislation updates to the NFIP.
Key Fundamentals of Flood Insurance for Agents (Part 2) is the second part of a two-part course on the National Flood Insurance Program. Both parts must be completed to meet the FIRA 2004 training and education requirement.
This session continues the rating case study introduced in Key Fundamentals of Flood Insurance for Agents (Part 1) and takes participants step-by-step through the essential elements of the NFIP rating process, building a policy's premium as each rating element is discussed. Other rating considerations are also explained such as:
• Grandfathered rating
• Newly Mapped procedure
• Elevated buildings and enclosures
• Proper flood openings
The second portion of this session also includes a review of major coverage areas of the Standard Flood Insurance Policy, including an overview of loss settlement provisions in the NFIP.
Questions? Contact Aaron Montanez at email@example.com.
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