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(CFM) Exam- with 100% Correct Answers Verified Latest Update 2024
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CFM Exam"Insurable" Building -✅✅ -Building that is "walled and roofed" with two or more
exterior rigid walls with roof fully secured that is "principally above ground" with at
least 51% of actual cash value (including equipment and machinery) above ground
OR a "manufactured home" transportable on a permanent chassis designed for use
with or without permanent foundation when attached to required utilities.
1% Annual Chance Flood - ✅✅-Base Flood.
100 Year Flood -✅✅-See Base Flood.
1973 Flood Disaster Protection Act - ✅✅-Limited federal disaster assistance for
communities without flood insurance.
Instituted the Mandatory Purchase Requirement
1994 National Flood Insurance Reform Act - ✅✅ -Mitigation provisions
ICC was created
Erosion hazard prevention measures added
Disaster assistance provisions to improve processes for giving / receiving
assistance
Lender compliance provisions (lenders subject to fines if not compliant)
Authorized CRS
Mitigation Grants created
5 year map review period
Strengthened Mandatory Purchase Requirement
2004 National Flood Insurance Reform Act - ✅✅ -Digital flood hazard data
Created mitigation assistance for repetitive losses
Agent education
44 CFR §59 - ✅✅ -NFIP General Provisions according to the Code of Federal
Regulations. Parts 59 and 60 include the definitions and standards that should be
reflected in community floodplain regulations.
44 CFR §60 - ✅✅ -Criteria for Land Management and Use according to the Code of
Federal Regulations. Parts 59 and 60 include the definitions and standards that
should be reflected in community floodplain regulations.
44 CFR §60.3 - ✅✅ -Floodplain Management Criteria for Flood-Prone Areas
according to the Code of Federal Regulations.
44 CFR §65.5 - ✅✅ -Governs decisions for Letters of Map Revisions according to
the Code of Federal Regulations.
,44 CFR §70 - ✅✅-Procedure for Map Correction according to the Code of Federal
Regulations.
A Zones - ✅✅ -The Special Flood Hazard Area (except coastal V zones) shown on
a community's Flood Insurance Rate Map. There are seven types of A Zones.
Accessory Structures - ✅✅ -Lost-cost structures that do not have at least two rigid
walls, open structures, or buildings that may be wet-floodproofed. The following
criteria apply: Variance must be obtained; Use must be limited to parking or storage;
Requires openings for entry and exit of floodwater; Must use flood resistant materials
below the BFE; Utilities must be dry floodproofed or elevated and anchored to resist
flotation, collapse and lateral movement.
Accredited Levee - ✅✅ -If a levee can be shown that it provides the appropriate
level of protection from a Base Flood, then FEMA will "accredit" or recognize, the
levee as providing adequate protection on flood hazard maps, and the area behind it
will be shown as a moderate risk zone (shaded X).
Accrete - ✅✅ -(FEMA 480) to build up a shoreline by depositing sand, either by
nature or human actions.
Actual Cash Value (ACV) - ✅✅ -(FEMA 480) the replacement cost for a building,
minus a depreciation percentage based on age and condition.
ACV - ✅✅-Actual Cash Value
Approximate A Zones - ✅✅-A Zones have either a letter following the A, such as
AE zones, or have a number, such as A1 or A-30. Approximate A Zones are also
called "unnumbered" A Zones.
Approximate Studies - ✅✅ -(FEMA 480) Flood hazard mapping done using
approximate study methods that show the approximate outline of the base floodplain.
An approximate study does not produce a Base Flood Elevation (BFE).
B Zone - ✅✅ -Area of moderate flood hazard usually depicted on FIRMs as
between the limits of the base and 500-year floods of the primary source of flooding.
B Zones may have local, shallow flooding problems. B Zones are also used to
designate areas protected by levees and base floodplains of the little hazard, such
as those with average depths of less than 1 foot. On newer FIRMs, may show as a
shaded Zone X.
Base Flood - ✅✅ -The NFIP flood level used for regulatory purposes. A flood with a
1% chance of occurring in any given year. Also known as the "100 Year Flood".
, Base Flood Depth - ✅✅ -(FEMA 480) a measurement of the base flood in feet
above ground, used for shallow flooding.
Base Flood Elevation (BFE) - ✅✅ -Water surface elevation resulting from the Base
Flood (or "1% Chance Flood") that is tied into a known vertical datum. The base
flood is used by the NFIP as the basis for mapping, insurance rating, and regulating
new construction.
Base Floodplain - ✅✅-(FEMA 480) the area of water and land inundated by the
base flood.
Basement - ✅✅ -(FEMA 480) any area of the building having its flood sub-grade
(below ground level) on all sides. Flood Insurance allows: No building coverage for
wallpaper, carpeting and furnishings in a basement; Only contents coverage for
portable AC units, washers, dryers, flood freezer (not walk- in) and food in freezer.
BFE - ✅✅-Base Flood Elevation
Building - ✅✅-(NFIP) A "building" as defined by NFIP is for insurance purposes,
and is not necessarily the same as a "structure" for floodplain management
purposes. Criteria for a building: Walled and roofed, has two or more rigid walls and
a roof attached; 51% or more of the actual cash value above ground (51% is criterion
for "principally"; Affixed permanently to the site ("mobile homes" must be built on
permanent chassis and designed for use without a permanent foundation when
attached to utilities
Building Insurance Coverage - ✅✅ -Flood insurance coverage that is mandatory for
homeowners. Includes things that typically stay with a house when it is sold, such as
utility equipment, wall to wall carpet, wallpaper, paneling, and built-in furniture.
Building Property Coverage = up to - ✅✅-$250,000 Residential, $500,000
Commercial
C Zone - ✅✅ -Area of minimal flood hazard, usually depicted on FIRMs as above
the 500-year flood level of the primary source of flooding. C Zones may have local,
shallow flooding problems. B and C Zones may have flooding that does not meet the
criteria to be mapped as a SFHA, especially ponding and local drainage problems.
On newer FIRMs, may show as an unshaded Zone X.
CAC - ✅✅-Community Assistance Contact (CAP)
CAP - ✅✅-Community Assistance Program
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