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Syllabus
Course
Information |
Course Title: |
Flood Insurance and the National Flood Insurance Program
(NFIP) |
Course Number: |
OLT # insCE010 DOI #
69237 Course Authority CE2-20 - General Lines |
Course Description: |
This 3 hr. Continuing Education course - Intermediate
level, fulfills the recent FEMA regulations regarding anyone
selling flood insurance under the National Flood Insurance Program
(NFIP). Under these requirements, any Property and Casualty or
General Lines agent who may sell a flood insurance policy are required
to complete a one-time course related to NFIP.
Flood insurance is a special policy financially backed by the
federal government, with cooperation from local communities
and insurance companies. The National Flood Insurance Program
(NFIP) was established in 1968 by the National Flood Insurance
Act to provide property owners with the opportunity to purchase
insurance protection for flood losses and to encourage communities
to implement and enforce measures to reduce future flood risks
in special flood hazard areas. |
Online Through: |
College of Central Florida,
Daytona State,
Edison (Collier),
Edison (Lee),
Florida Gateway,
Gulf Coast,
Indian River,
Miami Dade,
Pensacola,
State College of Florida,
Santa Fe,
Tallahassee,
Valencia and
Online Training |
Available: |
24/7/365 |
Prerequisite(s): |
Available to licensed Florida Insurance Agents holding a 2-20, 20-44 or 4-40 license. |
Course
Goals |
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To increase the Insurance Professional’s
knowledge of the National Flood Insurance Program, satisfying the
FEMA regulations requiring agents to complete a one-time course
related to NFIP.
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Course
Outcomes |
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The student will need to pass 4 quizzes and a Final Exam with a score of 70% percent or higher to pass the course. OnLine Training will report the student's completion to the Florida Department of Financial Serivces. A Certificate of Completion will be issued by e-mail to the student.
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Course Outline
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Syllabus |
Unit One - Introduction |
-
NFIP Background
- Community Participation
- Emergency Program Defined
- Regular Program Defined
- Community Rating System
- Eligible/Ineligible Buildings
- Coastal Barrier Resources
System and Other Protected Areas
- Who Needs Flood Insurance?
- Mandatory Purchase of Flood Insurance
in High Flood Risk Zones
- Recommended in Moderate and Low
Flood Risk Zones
- Why Flood Insurance is Better than Disaster Assistance
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Unit Two - Flood Maps and Zone Determinations
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- A. Flood Hazard Boundary Map (FHBM)
- Flood Insurance Rate
Map (FIRM)
- Pre-FIRM/Post-FIRM Defined
- Special Flood Hazard Area
Defined
- Base Flood Elevation
- Zone Determination
- Quiz One Review
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Quiz One - For Grade
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Unit Three - Policies
and Products Available
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- Dwelg linPolicy—Types of Buildings Covered
- General
Property Policy—Types of Buildings Covered
- Residential
Condominium Building Association (RCBAP) Policy—Types
of Buildings Covered
- Preferred Risk Policy—Types of
Buildings Covered
- Definitions:
- Flood
- Basement/Enclosure
- Elevated Buildings
- Damages Not Covered
- Single Peril Policy
- Mudslides vs. Mudflow
- Property Covered
- Basements
- Appurtenant Structure
- Loss Avoidance Measures
- Debris Removal
- Improvements and Betterments
- Property Not Covered
- Decks
- Finished Items in Basements
- In Enclosures
- Additional Living Expenses
- Increased Cost of Compliance Coverage
- Quiz Two - Midterm Review
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Quiz Two - Midterm - For Grade
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Unit Four - General Rules
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- Statutory Coverage LimitsB. Deductibles
- Standard Deductibles
- Applies Separately for Building
and Contents
- Property Value Determination for Selecting
Coverage Amount
- Loss Settlement
- Actual Cash Value (ACV)
- Replacement Cost Value (RCV)
- Co-insurance Penalty
in RCBAP
- Reduction and Reformation of Coverage
- No Binders
- One Building per Policy—No Blanket
Coverage
- Building and Contents Coverage
- Purchased Separately
- Waiting Period/Effective Date
of Policy
- Policy Term
- Cancellations
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Unit Five - Rating
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- Types of Buildings
- Elevated Buildings
- Buildings with Basements
- When to Use an Elevation
Certificate
- Grandfathering
- Quiz Three Review
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Quiz Three - For Grade
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Unit Six - Claims Handling Process
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- A. Helping Your Client to File a Claim
- Appeals Process
- Claims Handbook
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Unit Seven - Requirements of the Flood Insurance
Reform Act of 2004
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- Point of Sale and Renewal Responsibilities
- Notification
of Coverages Being Purchased
- Policy Exclusions that Apply
- Explanation Regarding
How Losses Will be Adjusted (ACV vs. RCV)
- Number and
Dollar Amount of Claims for Property
- Acknowledgement Forms
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Unit Eight - Agent Resources
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- Write Your Own Company
- FEMA Web sites:
- https://www.fema.gov/business/nfip
- https://www.floodsmart.gov
- https://training.nfipstat.com
- Flood Insurance Manual
- Quiz Four Review
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Quiz Four - For Grade |
Final Exam - For Grade |
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Instructor
Information |
Name: |
Jeff King |
Email: |
jkingsr@prodigy.net |
Office location: |
2669 Forest Hill Blvd. STE. 207
West Palm Beach, FL 33406 |
Office hours: |
Call for an Appointment |
Phone: |
(561) 283-0333 or fax (561) 357-4957 |
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. He has taught several college level business classes, including "Intro
to Business" and "Business Management". He teaches insurance licensing
and continuing education classes at Polk Community College.
He is currently a member of the National Association of Insurance and Financial
Advisors and a member of the National Association of Health Underwriters. |