Key Fundamentals of Flood Insurance for Agents

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 (NFIP). 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.

Key Fundamentals of Flood Insurance for Agents (Part 1) brings participants the latest information on 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
• A review of flood zones and flood risk

Key Fundamentals of Flood Insurance for Agents (Part 2):

Key Fundamentals of Flood Insurance for Agents (Part 2) is the final part of a two-part course on the NFIP. Both parts must be completed to meet the FIRA 2004 training and education requirement.

This session takes participants through the rest of the program's rating variables which include:

• Newly Mapped discount
• Pre-FIRM discount
• Proper flood opening discount
• Machinery and Equipment discount

The second portion of this session also includes valuable NFIP resources that were discussed throughout both sessions.

^[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.

COURSE HANDOUTS: