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Question 1 of 45
1. Question
Why did the private insurance industry give up on providing flood insurance in the 1920s?
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Question 2 of 45
2. Question
Who paid for the bulk of flood losses and flood prevention measures in the four decades between 1920 and 1968?
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Question 3 of 45
3. Question
What was the NFIP’s intended purpose?
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Question 4 of 45
4. Question
How did the Flood Disaster Protection Act encourage floodplain property owners to purchase flood insurance policies?
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Question 5 of 45
5. Question
If damage occurs before the effective date on the initial Flood Insurance Rate Map, what program can help cover that damage?
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Question 6 of 45
6. Question
The vast majority of communities participating in the NFIP are using which of the following programs?
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Question 7 of 45
7. Question
Which system was put into place in order to incentivize behavior that reduces the severity or likelihood of flood damage?
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Question 8 of 45
8. Question
Under the Community Rating System, a 1st class community would have which of the following?
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Question 9 of 45
9. Question
Under the Community Rating System, a 10th class community would have which of the following?
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Question 10 of 45
10. Question
A CRS activity that represents a “Public Information” activity credit could include which of the following?
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Question 11 of 45
11. Question
A CRS activity that represents a “Mapping and Regulations” activity credit could include which of the following?
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Question 12 of 45
12. Question
A CRS activity that represents a “Flood Damage Reduction” activity credit could include which of the following?
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Question 13 of 45
13. Question
A CRS activity that represents a “Flood Preparedness” activity credit could include which of the following?
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Question 14 of 45
14. Question
Which of the following structures are NOT eligible for flood insurance coverage?
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Question 15 of 45
15. Question
What is the goal of the Coastal Barriers Resources Act (COBRA)?
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Question 16 of 45
16. Question
Why does the Coastal Barriers and Resources Act (COBRA) want to limit coastal development in certain areas?
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Question 17 of 45
17. Question
According to the NFIP, who should have flood insurance?
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Question 18 of 45
18. Question
What is the government’s primary tool for mandating flood insurance?
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Question 19 of 45
19. Question
If a property is located in a Special Flood Hazard Area (SFHA), what must a lender require the property owner have before they make, extend, increase, or renew a loan on that property?
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Question 20 of 45
20. Question
Which of the following accurately describes a disaster program?
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Question 21 of 45
21. Question
Which maps were drafted quickly in the 70s and 80s as a way to provide a rough estimation about which properties probably need flood insurance and which properties have a relatively small chance of flooding?
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Question 22 of 45
22. Question
Which maps are exact and attempt to show detailed measures of potential floods including base flood elevation measurements?
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Question 23 of 45
23. Question
Which of the following is potentially useful information for agents and policyholders found on a FIRM?
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Question 24 of 45
24. Question
What is the Base Flood Elevation (BFE)?
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Question 25 of 45
25. Question
How can a property owner get an elevation certificate for their property?
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Question 26 of 45
26. Question
Which of the following is NOT a flood insurance policy discussed in this course?
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Question 27 of 45
27. Question
What is the primary difference between a mudslide and a mudflow?
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Question 28 of 45
28. Question
Which elements of a Post-FIRM basement are covered by flood insurance?
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Question 29 of 45
29. Question
A Standard Flood Insurance Policy (SFIP) will help cover the costs of which of the following activates?
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Question 30 of 45
30. Question
A Standard Flood Insurance Policy (SFIP) will NOT help cover the costs of which of the following?
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Question 31 of 45
31. Question
Why is the Increased Cost of Compliance Coverage a good investment for the NFIP?
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Question 32 of 45
32. Question
Choosing a higher deductible usually results in the policyholder having which of the following?
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Question 33 of 45
33. Question
Choosing a lower deductible usually results in the policyholder having which of the following?
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Question 34 of 45
34. Question
The Replacement Cost Value at the time of loss (reduced according to the value of its physical depreciation) is also known as what kind of value assessment?
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Question 35 of 45
35. Question
The cost to replace all or part of a building that is damaged (without depreciation) is known as what kind of value assessment?
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Question 36 of 45
36. Question
The NFIP does NOT allow which of the following?
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Question 37 of 45
37. Question
If a property owner hears a flood is going to happen in the next week, do they have enough time to get flood insurance?
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Question 38 of 45
38. Question
How would the NFIP classify a building that has no basement and an elevated flood raised above ground level by foundation walls, shear walls, posts, piers, pilings, or columns?
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Question 39 of 45
39. Question
In order for a building to have a basement, it must have which of the following?
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Question 40 of 45
40. Question
What book, provided by FEMA, is designed to help guide a policyholder through the flood insurance claims process?
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Question 41 of 45
41. Question
Which of the following is a good step for a policyholder to take after a flood?
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Question 42 of 45
42. Question
Which of the following individuals does not play a role in the flood insurance claims process?
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Question 43 of 45
43. Question
The flood insurance appeals process can do which of the following?
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Question 44 of 45
44. Question
Which piece of legislation was particularly focused on reducing the amount of flood insurance resources that went to a small group of properties that were repeatedly damaged by floods?
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Question 45 of 45
45. Question
What is the purpose of the acknowledgement form required by the Flood Insurance Reform Act of 2004?
