How was the nfip created - Study guides, Class notes & Summaries

FLOOD INSURANCE QUESTIONS AND ANSWERS 2023 WHAT ARE THE TWO TYPES OF FLOOD INSURANCE? NFIP PROVIDES AN EMERGENCY PROGRAM AND REGULAR PROGRAM HOW WAS THE NFIP CREATED? BY THE PASSAGE OF THE NATIONAL FLOOD INSURANCE ACT OF 1968 CAN YOU OBTAIN FLOOD INSURANCE THROUGH PRIVATE INSURERS? YES UNDER THE "WRITE YOUR OWN" PROGRAM AND THEY ARE 100% REIMBURSED BY THE GOVERNMENT WHAT IS REQUIRED BY COMMUNITIES TO OBTAIN NAT'L FLOOD INSURANCE? THEY MUST BE WILLING TO ADOPT FLOOD C...

NJ Property/ Casualty Insurance Exam Why was the commercial Insurance Deregulation Act Created? - Answer To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - Answer Commercial policies When must rate amendments & policy forms be filed with the commissioner? - Answer 30 days before What losses are excluded from floo...

Why was the commercial Insurance Deregulation Act Created? Correct Answer To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? Correct Answer Commercial policies When must rate amendments & policy forms be filed with the commissioner? Correct Answer 30 days before What losses are excluded from flood insurance? Correct Answ...

NJ Property/ Casualty Insurance Exam Set (Questions and Answers 100% A+ Graded) Why was the commercial Insurance Deregulation Act Created? - CORRECT ANSWER-To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - CORRECT ANSWER-Commercial policies When must rate amendments & policy forms be filed with the commissioner? - COR...

FLOOD INSURANCE QUESTIONS AND ANSWERS 2024 WHAT ARE THE TWO TYPES OF FLOOD INSURANCE? HOW WAS THE NFIP CREATED? CAN YOU OBTAIN FLOOD INSURANCE THROUGH PRIVATE INSURERS?

CFM Exam questions and answers 100% verified. Shallow flooding problems fall into (3) categories - correct answer. Sheet flow, ponding, urban drainage, coastal flooding (depths 1-3 feet) Describe areas where ponding may be a problem - correct answer. Glaciated areas, caves and sinkholes, man-made features What are (5) Special Flood Hazards - correct answer. Closed basin lakes, uncertain flow paths, dam breaks, ice jams, mud flows Alluvial fan flooding is what typ...

CFM Exam Study Guide questions and answers 100% guaranteed success. Riverine, Coastal, and Shallow Flooding - correct answer. What are the three most common types of flooding? Flash Flooding - correct answer. Which type of flooding has accounted for the most flood-related deaths? Meander - correct answer. A curve or turn in a river channel? Storm Surge - correct answer. What is the major cause in coastal flooding? Underwater earthquakes or volcanoes - corr...

NJ Property/ Casualty Insurance Exam Set with Complete Solutions A+ Rated NJ Property/ Casualty Insurance Exam Set with Complete Solutions A+ Rated Why was the commercial Insurance Deregulation Act Created? To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? Commercial policies When must rate amendments & policy forms ...

CFM Exam Questions and Answers 100% Correct Shallow flooding problems fall into (3) categories Sheet flow, ponding, urban drainage, coastal flooding (depths 1-3 feet) Describe areas where ponding may be a problem Glaciated areas, caves and sinkholes, man-made features What are (5) Special Flood Hazards Closed basin lakes, uncertain flow paths, dam breaks, ice jams, mud flows Alluvial fan flooding is what type of special flood hazard and what are the inherent hazards thereof? Uncertain flow pa...

FLOOD INSURANCE QUESTIONS AND ANSWERS 2024 WHAT ARE THE TWO TYPES OF FLOOD INSURANCE? HOW WAS THE NFIP CREATED? CAN YOU OBTAIN FLOOD INSURANCE THROUGH PRIVATE INSURERS?