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...

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 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...

NJ Property/ Casualty Insurance Exam Set Questions And Answers 100% Guaranteed Success. 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 file...

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...

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...

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 with complete solutions. ACV - correct answer. Actual Cash Value BFE - correct answer. Base Flood Elevation CAC - correct answer. Community Assistance Contact (CAP) CAP - correct answer. Community Assistance Program CAV - correct answer. Community Assistance Visit (CAP) CBRA - correct answer. Coastal Barriers Resources Act CBRS - correct answer. Coastal Barriers Resource System CFM - correct answer. Certified Floodp...

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?