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National Flood Insurance Program, by Jeffrey King
 

Syllabus

Course Information
Course Title: Flood Insurance and the National Flood Insurance Program (NFIP)
Course Number: OLT # insCE010      DOI # 69238    
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.
Location: Internet
Availability: 24/7
3hrs CE Credit: All licenses (except 3-20/T31-20)
Course Outcomes
Course Outcomes:

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.

Course Outline
Syllabus
Unit One - Introduction
  1. NFIP Background
  2. Community Participation
  3. Emergency Program Defined
  4. Regular Program Defined
  5. Community Rating System
  6. Eligible/Ineligible Buildings
  7. Coastal Barrier Resources System and Other Protected Areas
  8. Who Needs Flood Insurance?
    1. Mandatory Purchase of Flood Insurance in High Flood Risk Zones
    2. Recommended in Moderate and Low Flood Risk Zones
  9. Why Flood Insurance is Better than Disaster Assistance

Unit Two - Flood Maps and Zone Determinations
  1. A. Flood Hazard Boundary Map (FHBM)
  2. Flood Insurance Rate Map (FIRM)
    1. Pre-FIRM/Post-FIRM Defined
    2. Special Flood Hazard Area Defined
  3. Base Flood Elevation
  4. Zone Determination
  5. Quiz One Review

Quiz One - For Grade

Unit Three - Policies and Products Available
  1. Dwelg linPolicy—Types of Buildings Covered
  2. General Property Policy—Types of Buildings Covered
  3. Residential Condominium Building Association (RCBAP) Policy—Types of Buildings Covered
  4. Preferred Risk Policy—Types of Buildings Covered
  5. Definitions:
    1. Flood
    2. Basement/Enclosure
    3. Elevated Buildings
  6. Damages Not Covered
    1. Single Peril Policy
    2. Mudslides vs. Mudflow
  7. Property Covered
    1. Basements
    2. Appurtenant Structure
    3. Loss Avoidance Measures
    4. Debris Removal
    5. Improvements and Betterments
  8. Property Not Covered
    1. Decks
    2. Finished Items in Basements
    3. In Enclosures
    4. Additional Living Expenses
  9. Increased Cost of Compliance Coverage
  10. Quiz Two - Midterm Review

Quiz Two - Midterm - For Grade

Unit Four - General Rules
  1. Statutory Coverage LimitsB. Deductibles
    1. Standard Deductibles
    2. Applies Separately for Building and Contents
  2. Property Value Determination for Selecting Coverage Amount
  3. Loss Settlement
    1. Actual Cash Value (ACV)
    2. Replacement Cost Value (RCV)
    3. Co-insurance Penalty in RCBAP
  4. Reduction and Reformation of Coverage
  5. No Binders
  6. One Building per Policy—No Blanket Coverage
  7. Building and Contents Coverage
  8. Purchased Separately
  9. Waiting Period/Effective Date of Policy
  10. Policy Term
  11. Cancellations

Unit Five - Rating
  1. Types of Buildings
    1. Elevated Buildings
    2. Buildings with Basements
  2. When to Use an Elevation Certificate
  3. Grandfathering
  4. Quiz Three Review

Quiz Three - For Grade

Unit Six - Claims Handling Process
  1. A. Helping Your Client to File a Claim
  2. Appeals Process
  3. Claims Handbook

Unit Seven - Requirements of the Flood Insurance Reform Act of 2004
  1. Point of Sale and Renewal Responsibilities
    1. Notification of Coverages Being Purchased
    2. Policy Exclusions that Apply
    3. Explanation Regarding How Losses Will be Adjusted (ACV vs. RCV)
    4. Number and Dollar Amount of Claims for Property
    5. Acknowledgement Forms

Unit Eight - Agent Resources
  1. Write Your Own Company
  2. FEMA Web sites:
    1. https://www.fema.gov
    2. https://www.floodsmart.gov
    3. https://training.nfipstat.com
  3. Flood Insurance Manual
  4. Quiz Four Review
Quiz Four - For Grade
Final Exam - For Grade
 
Instructor Information
Name: Jeff King
Email: jkingsr@prodigy.net
Office location: 2669 Forest Hill Blvd. STE. 207
West Palm Beach, FL 33406
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.