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Intermediate Flood Insurance Concepts by Jeff King
Syllabus
Course Information
Course Title: "Flood Insurance Concepts"
Course Number: OLT # INSCE007      DOI #59082
Course Description: This 3 hr. Continuing Education class - Intermediate level, is designed to provide the General Lines Agent and Customer Service Representative with all the information they need to quote, write and service the most common types of flood insurance.
Notice: "This class has been approved for 3 hours of continuing education for General Lines Agents and CSRs. This course does not satisfy the requirement of the Flood Insurance Reform Act of 2004, which requires that all licensed Agents who sell flood insurance complete a class that follows the FEMA approved outline. That is a separate course."
Location: Completely online through the following Florida Community Colleges:
College of Central Florida, Daytona State, Edison-Collier, Edison-Lee, Gulf Coast, Hillsborough, Indian River, Miami-Dade, Pensacola, Sante Fe, State College of Florida, Tallahassee and Valencia
Available: 24/7/365
Prerequisite(s): Available to licensed Florida Insurance Agents holding a 2-20, 20-44 or 4-40 license.
Course Goals
To increase the Insurance Professional’s knowledge of flood insurance, in order to better serve their clients.
Course Outcomes
The student will pass the two exams with a score of 70% or better and after the second exam will receive his/her certificate for 3 hours of CE from the college with whom he/she is registered. The college notifies the Department of Financial Services of the student's completion.
Course Outline
It is important to note that not all pages are standard 8x11 pages.

A page is the length required to express an idea or subtopic.

Therefore, some pages may consist of only a few sentences.
Syllabus/Course Outline Time Module
Chapter One - Flood Insurance 15 min. A

A. Introduction to Flood Insurance Program

  A/2
B. Overview and History of the National Flood Insurance Program   A/3
C. Why Your Clients Need Flood Insurance   A/4

Chapter Two - General Rules

20 min.

B

A. Community Eligibility

  1. Eligible and ineligble communities
  2. Emergency Program
  3. Regular Program
  4. Flood maps
  

B/2

B. Policies Available

  1. Standard Flood Policy
  2. Preferred Risk Policy
   B/3

C. Building Property

  1. Eligible Buildings
  2. Ineligible Buildings
   B/4
D. Contents
  1. Eligible Contents
  2. Ineligible Contents
   B/5
E. Policy Effective Date   B/6

F. Coverages

  1. Limits of Coverage
  2. Deductibles
  3. Coverage D - Increased Cost of Compliance
  4. Reduction of Coverage Limits
   B/7

G. Miscellaneous Rules

  1. Policy Terms
  2. Policy Submission
  3. Policy Delivery
  4. Assignment
   B/8

Chapter Three - General Procedures for Rating Flood Insurance

10 min. C

A. Information Needed

  C/2

B. Premium Examples

  C/3
Midterm Exam Review

5 min.

 C/4
Midterm Exam - for grade

20 min.

  

Chapter Four - Condominium Policies

 25 min. D

A. Condominium Policies Available

  1. RCBAP
  2. Unit-Owner's Policy
  3. CAP
  4. Non-Residential Condos
  D/2

B. The RCBAP

  1. eligibility
  2. classification
  3. coverages
  

D/3

C. Condo Unit-Owner's Policy

  D/4

Chapter Five - Rating and Policy Eligibility

 20 min. E

A. The Elevation Certificate

  1. Standard Form
  2. Post-Firm vs. Pre-Firm
  3. Info on the EC
 

E/2

B. Preferred Risk Policy

  1. Eligibility Requirements
  2. Exclusions
  3. Documentation
   E/3

Chapter Six - Owning Flood Insurance

15 min. F

A. Policy Cancellation/Nullification

   F/2
B. Claims   F/3

C. Problems with the Current Flood Insurance System

  

F/4
Chapter Seven - Conclusion 25 min. G
A. Definitions   G/2
B. Unauthorized Entities 624.401   G/3
C. Unauthorized Entities   G/4
D. Unauthorized Entities 624.437; Addendum   G/5-6
References   G/7
Final Exam Review 5 min. G/8
Final Exam - for grade 20 min.  
COURSE TOTALS 3 hrs.  
Instructor Information
Name: Jeff King
Email: jkingsr@prodigy.net
Phone: (321) 799-3022 or fax (321) 799-3613
Biography: Jeff King is a licensed insurance agent, and President of King Insurance & Financial Service, Inc. in Cape Canaveral.  He has been a licensed life, health and property and casualty insurance agent since 1989.  In addition to his agency career, Mr. King is an Adjunct Instructor at Brevard Community College.  He teaches insurance licensing and continuing education classes there, as well as at Polk Community College.

Last Updated: October 1, 2012 by Max Combs