FEMA Flood Insurance Certificate Exam 2023

FEMA Flood Insurance Certificate Exam 2023 One of the three purposes of the original National Flood Insurance Act, passed in 1968, was to - ️️ Foster cooperative effort between the federal government and the private insurance industry to authorize a nationwide flood insurance program To be eligible for federal flood insurance, a building must - ️️ Have two or more outside rigid walls, a fully secured roof, and be attached to a permanent site If a community which the Federal Emergency Management Agency (FEMA) identified as flood prone doesn't participate in the National Flood Insurance Program (NFIP) within one year of the community's identification, then - ️️ No resident in the community can purchase a federal flood insurance policy A best practice for producers regarding flood insurance is to: - ️️ Give eligible clients a flier listing the reasons to consider flood insurance and require a signature if the client elects not to purchase flood coverage The goals of the Coastal Barrier Resources Act are to: - ️️ Minimize loss of human life by discouraging development in high-risk areas, reduce wasteful expenditure of federal resources and protect the natural resources associated with coastal barriers People who are required to purchase flood insurance are - ️️ Those who live in recognized special flood hazard areas and have federally issued or backed mortgages Under Write Your Own (WYO) flood insurance program, participating property-casualty insurers write federal flood insurance coverag