The National Flood Insurance Program (NFIP) - MI

Insurance Continuing Education in Michigan

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$14.95

5 credit hours

If purchased today, this course must be completed by:
December 02, 2023 (365 Days)

The Michigan Department of Insurance has waived their normal proctor requirement, until further notice. A proctor is no longer required. You will instead need to electronically sign an Affidavit of Personal Responsibility, and that affidavit will be completed online as part of your final exam.
Description

In this course we will review some of the fundamental concepts and some of the complex coverage details involving flood insurance, the National Flood Insurance Plan and other programs related to property risks. In addition, we will also provide answers for the most common questions you may encounter from your clients about these risks.
We will cover the important terms and definitions related to floods and flood-related claims. We will also cover how flood risks are underwritten, how claims are paid and how regulators handle the whole subject matter. And you will read some interesting and important case studies to bring this topic to life.

Learning Objectives:

  • Learn the basic principles of The National Flood Insurance Program.
  • Understand how private insurance plays a role with flood policies.
  • Learn how modeling and rating systems are used to develop flood insurance policies.
  • Be aware of the flaws and challenges that exist in the NFIP program and how those play a role in today’s market.
  • Learn how to file claims under NFIP policies and what happens when those claims are disputed.

Exam Details

Need Proctor?No
Question Count:50
Passing Grade:70%
Attempts to Pass:Unlimited

Course Details

Course Number:84827
Approved Title:The National Flood Insurance Program (NFIP)
Approved Credits
5 credits in Flood
Provider:InsuranceStudy.com
Provider Number:0499
Topics Covered:Flood Insurance
Program Level:Intermediate

This course has been certified by:

Flood Seal

Rules for Michigan Insurance Continuing Education

  • This state allows for course material to be downloaded. Please note that not all courses will have content that is suitable or available for downloading.
  • Exam is closed book.
  • The state of Michigan charges an additional fee of $1.00 per credit hour.