The flood insurance regulations have been around since 1996, yet examiners continue to cite numerous violations and order civil money penalties. Flood penalties in 2019 have ranged from $2,700 to $69,000. Attend this session to help train your staff to understand the rules of coverage and the root causes for common violations, including proper completion of the Standard Flood Hazard Determination Form, controls to require adequate flood insurance coverage, and proving that the Notice of Special Flood Hazards was delivered for each type of “triggering” event. We’ll discuss the four fundamental requirements of Flood Insurance Compliance.
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