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[1] 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.

1 On September 1, 2005, the Federal Emergency Management Agency published a notice advising all insurance agents who sell Standard Flood Insurance Policies issued through the NFIP of training and education requirements, as advised by Section 207 of the Flood Insurance Reform Act of 2004.

Contact Aaron Montanez at producer@h2opartnersusa.com.

Want information on more NFIP webinars?
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FEMA Mapping Changes

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Key Fundamentals Part 1 PowerPoint
Key Fundamentals Part 2 PowerPoint
FloodSmart website
Wildfires and Floods PowerPoint
National Flood Insurance Program website
NFIP Flood Insurance Manual
NFIP Community Status Book
Newly Mapped procedure
NFIP Grandfathering Rules for Agents
FEMA Elevation Certificate
NFIP Summary of Coverage
How to Print a FIRMette and Download a FIRM Panel
FEMA Map Service Center
NFIP Claims Handbook
NFIP On-line Agent Training Options
FEMA Letters: Flood Risk and Policy Options
Elevation Certificates: Who Needs Them and Why
How to File a Flood Insurance Claim

Community Rating System Fact Sheet

Disaster Assistance: Eligibility and Flood Insurance

NFIP Claims Handbook
Flood After Fire Fact Sheet
NFIP Increased Cost of Compliance Brochure
Preferred Risk Policy for Homeowners and Renters
National Flood Insurance Program Fact Sheet
Ten Step NFIP Flood Claims Process Fact Sheet
National Flood Insurance Program: Publications
Community Rating System Fact Sheet
The HFIAA Surcharge Fact Sheet
Association of State Floodplain Managers
Monthly Updates on Flood Mapping
Office of the Flood Insurance Advocate
Hurricane Season Agent Resource Toolkit
Preferred Risk Policy for Businesses
Flood Insurance Requirements for Recipients of Federal Disaster Assistance


W-15005 - High Deductible Option Disclosure
W-15016 - November 1, 2015 Program Changes
W-15017 - Updated Guidance Regarding Primary Residence Status
W-16018 - Deductible Disclosure and Cancellation Receipt Date Procedures
W-16024 - Payment of Condominium Claims
W-16061 - Debris Removal



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