Flood Insurance Training and Education Requirements for Insurance Agents, 52117-52119 [05-17444]
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Federal Register / Vol. 70, No. 169 / Thursday, September 1, 2005 / Notices
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VerDate Aug<18>2005
16:30 Aug 31, 2005
Jkt 205001
Affected Public: Business or other forprofit institutions.
Estimated Number of Respondents:
28,000.
Estimated Time Per Respondent: 14
minutes.
Estimated Total Annual Burden
Hours: 6,500.
Estimated Annualized Cost to the
Public: $157,300.
If additional information is required
contact: Tracey Denning, Bureau of
Customs and Border Protection, 1300
Pennsylvania Avenue NW., Room 3.2.C,
Washington, DC 20229, at 202–344–
1429.
Dated: August 24, 2005.
Tracey Denning,
Agency Clearance Officer, Information
Services Branch.
[FR Doc. 05–17446 Filed 8–31–05; 8:45 am]
BILLING CODE 9110–06–P
DEPARTMENT OF HOMELAND
SECURITY
Federal Emergency Management
Agency
RIN 1660–ZA06
Flood Insurance Training and
Education Requirements for Insurance
Agents
Federal Emergency
Management Agency (FEMA),
Emergency Preparedness and Response
Directorate, Department of Homeland
Security.
ACTION: Notice.
AGENCY:
SUMMARY: FEMA is publishing
minimum training and education
requirements, as required by section 207
of the Flood Insurance Reform Act of
2004, for all insurance agents who sell
Standard Flood Insurance Policies
issued through the National Flood
Insurance Program (NFIP).
FOR FURTHER INFORMATION CONTACT: Mr.
Edward L. Connor, Federal Emergency
Management Agency, Mitigation
Division, 500 C Street, SW.,
Washington, DC 20472, (202) 646–3429
(phone), (202) 646–2849 (facsimile), or
Edward.Connor@dhs.gov (e-mail).
SUPPLEMENTARY INFORMATION: On June
30, 2004 the President signed the
Bunning-Bereuter-Blumenauer Flood
Insurance Reform Act of 2004 (Flood
Insurance Reform Act of 2004), Pub. L.
108–264. Section 207 of the Flood
Insurance Reform Act of 2004 states:
The Director of the Federal Emergency
Management Agency shall, in cooperation
with the insurance industry, State insurance
regulators, and other interested parties—
PO 00000
Frm 00052
Fmt 4703
Sfmt 4703
52117
(1) Establish minimum training and
education requirements for all insurance
agents who sell flood insurance policies, and
(2) Not later than 6 months after the date
of enactment of this Act, publish these
requirements in the Federal Register, and
inform insurance companies and agents of
the requirements.
This notice describes FEMA’s
implementation of section 207 of the
Flood Insurance Reform Act of 2004. As
required by the Act, FEMA has
coordinated with the State insurance
regulators, the insurance industry, and
other interested parties. Input received
from these organizations emphasizes the
value of working through the State
insurance departments to avoid
establishing conflicting or burdensome
training requirements upon insurance
agents. While implementing the
minimum training requirements
required by section 207, FEMA has been
mindful of the Senate Report language,
(S. REP. NO. 108–262, at 4 & 9 (2004)),
which cautions:
In some cases, states may already have
requirements to ensure that agents are wellversed in the flood insurance program.
Where possible, FEMA should work to make
sure that agents are not burdened with
inconsistent state and federal training and
education requirements. In addition, where
possible, FEMA should work to implement
the training requirements through the states,
which already have continuing education
processes in place.
Under 15 U.S.C. 1011 et seq.,
commonly referred to as the ‘‘McCarranFerguson Act’’, section 6701, States
have the authority to establish
qualification standards by which
insurance agents are licensed to do
business and to determine the
continuing education requirements for
maintaining such licenses in the
particular jurisdiction. However, the
McCarran-Ferguson Act specifically
excludes from State regulation an
insurance program carried out by the
Federal Government, including the
NFIP, and FEMA lawfully may establish
specific standards to sell flood
insurance under the NFIP. Rather than
establish separate, and, perhaps
duplicative requirements, FEMA has
chosen to work with States to ensure
that NFIP requirements are
implemented through established
(existing) licensing schemes. For
example, several States already include
questions about flood insurance on their
agent licensing examinations, and some
also award continuing education credits
for agents who complete flood insurance
training. It is our intent to encourage
States to implement minimum training
in NFIP flood insurance as part of their
general licensing standards and to assist
E:\FR\FM\01SEN1.SGM
01SEN1
52118
Federal Register / Vol. 70, No. 169 / Thursday, September 1, 2005 / Notices
States in improving their training and
testing of agents on flood insurance
matters as appropriate.
FEMA is committed to actively
supporting the States in implementing
their flood insurance training programs
for insurance agents and will, in support
of that commitment, provide: expertise
regarding the content of a flood
insurance training program that would
enable insurance agents to have a basic
understanding of the NFIP; access to
NFIP training modules, including online
modules; and, NFIP materials and other
technical assistance as may be needed to
address unique requirements. Further,
as FEMA establishes policy or
procedural changes or enhancements
that should be reflected in Stateapproved flood insurance training
programs, these will be provided by
FEMA to the State insurance
departments.
FEMA will work with State insurance
departments that do not already have
established flood insurance training
programs for insurance agents to
implement the guidance provided by
the National Conference of Insurance
Legislators (NCOIL). The ‘‘State Flood
Disaster Mitigation and Relief Model
Act’’ adopted by the NCOIL Executive
Committee on November 21, 2003,
includes the following text that States
will find useful when adopting their
flood insurance requirements:
Part IV. Miscellaneous Provisions Regarding
Participation
Sec. 1. Insurance Producer Qualification;
Continuing Education
The [State entity for regulating insurance]
shall require:
1. Pre-licensing requirement. The [State
entity for regulating insurance] shall require
all resident insurance producer applicants to
demonstrate satisfactory knowledge and
understanding of flood insurance and the
National Flood Insurance Program, as
determined by the [State entity for regulating
insurance] in order to qualify for licensure.
2. One-time continuing education
requirement for existing licensees. The [State
entity for regulating insurance] shall require
resident insurance producers licensed on [the
bill’s effective date] to complete a continuing
education course related to flood insurance
and the National Flood Insurance Program
before [a date certain at least two years from
the bill’s effective date]. The course shall be
three hours in length and shall be approved
by the [State entity for regulating insurance].
Completion of the course will provide the
licensee with three hours of continuing
education credit.
Incentives for Trained Agents
FEMA offers various incentives to
encourage insurance agents to pursue
flood insurance training. The NFIP’s
Agent Co-op Program provides agents,
VerDate Aug<18>2005
16:30 Aug 31, 2005
Jkt 205001
Write Your Own (WYO) companies, and
insurance associations with the
advertising tools they need to produce
local and regional advertising that
supports the national NFIP campaign.
Insurance agents who participate in the
program are reimbursed a portion of
their advertising budget when they use
the program’s pre-approved ad
templates. An additional 25 percent in
co-op funds are offered to agents who
complete a State-approved continuing
education course on flood insurance
within the past 12 months. Details are
provided at https://www.FloodSmart.gov.
Additionally, agents who sign up for
the NFIP’s Agent Leads Referral
program receive free leads generated
through the NFIP marketing efforts.
Plans are being developed to enable
agents who have completed flood
insurance training to be given a special
designation or priority in the
distribution of leads.
Flood Insurance Course Content
The following material outlines the
standard content that States should
include when establishing or updating
their flood insurance training
requirements. This outline reflects input
gathered by FEMA from the following:
State insurance regulators; insurance
companies that sell flood insurance
under the NFIP’s WYO Program; the
Independent Insurance Agents and
Brokers of America; the National
Association of Professional Insurance
Agents; and the Coalition of Exclusive
Agent Associations. This training course
content, if effectively delivered, would
enable insurance agents to gain a basic
understanding of the NFIP, so that they
could share this information with their
customers. Additional training should
be taken by insurance agents on a
regular basis to gain understanding of
more advanced flood insurance topics.
Basic Flood Insurance Course Outline
Section I—Introduction
• NFIP Background
• Community Participation
• Emergency Program Defined
• Regular Program Defined
• Community Rating System
• Eligible/Ineligible Buildings
• Coastal Barrier Resources System
and Other Protected Areas
• Who Needs Flood Insurance?
Æ Mandatory Purchase of Flood
Insurance in High Flood Risk Zones
Æ Recommended in Moderate and
Low Flood Risk Zones
• Why Flood Insurance is Better than
Disaster Assistance
PO 00000
Frm 00053
Fmt 4703
Sfmt 4703
Section II—Flood Maps and Zone
Determinations
• Flood Hazard Boundary Map
(FHBM)
• Flood Insurance Rate Map (FIRM)
Æ Pre-FIRM/Post-FIRM Defined
Æ Special Flood Hazard Area Defined
• Base Flood Elevation
• Zone Determination
Section III—Policies and Products
Available
• Dwelling Policy—Types of
Buildings Covered
• General Property Policy—Types of
Buildings Covered
• Residential Condominium Building
Association (RCBAP) Policy—Types of
Buildings Covered
• Preferred Risk Policy—Types of
Buildings Covered
• Definitions:
Æ Flood
Æ Basement/Enclosure
Æ Elevated Buildings
• Damages Not Covered
Æ Single Peril Policy
Æ Mudslides vs. Mudflow
• Property Covered
Æ Basements
Æ Appurtenant Structure
Æ Loss Avoidance Measures
Æ Debris Removal
Æ Improvements and Betterments
• Property Not Covered
Æ Decks
Æ Finished Items in Basements
Æ In Enclosures
Æ Additional Living Expenses
• Increased Cost of Compliance
Coverage
Section IV—General Rules
• Statutory Coverage Limits
• Deductibles
Æ Standard Deductibles
Æ Applies Separately for Building and
Contents
• Property Value Determination for
Selecting Coverage Amount
• Loss Settlement
Æ Actual Cash Value (ACV)
Æ Replacement Cost Value (RCV)
Æ Co-insurance Penalty in RCBAP
• Reduction and Reformation of
Coverage
• No Binders
• One Building per Policy—No
Blanket Coverage
• Building and Contents Coverage
Purchased Separately
• Waiting Period/Effective Date of
Policy
• Policy Term
• Cancellations
Section V—Rating
• Types of Buildings
Æ Elevated Buildings
E:\FR\FM\01SEN1.SGM
01SEN1
Federal Register / Vol. 70, No. 169 / Thursday, September 1, 2005 / Notices
Æ Buildings with Basements
• When to Use an Elevation
Certificate
• Grandfathering
Section VI—Claims Handling Process
• Helping Your Client to File a Claim
• Appeals Process
• Claims Handbook
Section VII—Requirements of the Flood
Insurance Reform Act of 2004
• Point of Sale and Renewal
Responsibilities
Æ Notification of Coverages Being
Purchased
Æ Policy Exclusions that Apply
Æ Explanation Regarding How Losses
Will be Adjusted (ACV vs. RCV)
Æ Number and Dollar Amount of
Claims for Property
Æ Acknowledgement Forms
Section VIII—Agent Resources
• Write Your Own Company
• FEMA Web sites:
Æ https://www.fema.gov/nfip
Æ https://www.floodsmart.gov
Æ https://training.nfipstat.com
• Flood Insurance Manual
Dated: August 25, 2005.
Michael D. Brown,
Under Secretary, Emergency Preparedness
and Response, Department of Homeland
Security.
[FR Doc. 05–17444 Filed 8–31–05; 8:45 am]
BILLING CODE 9110–11–P
DEPARTMENT OF HOMELAND
SECURITY
Transportation Security Administration
section 10(a)(2) of the Federal Advisory
Committee Act, as amended (5 U.S.C.
App.). The agenda for the meeting will
include—
• Status reports on the actions of the
Airport Security Design Guidelines
Working Group, the Aviation Security
Impact Assessment Working Group, and
the Freight Assessment System Working
Group;
• The final report and
recommendations of the Secure Flight
Privacy/IT Working Group; and
• Other aviation security topics.
This meeting is open to the public but
attendance is limited to space available.
Members of the public must make
advanced arrangements to present oral
statements at the open ASAC meeting.
Written statements may be presented to
the committee by providing copies of
them to the person listed under the
heading FOR FURTHER INFORMATION
CONTACT prior to or at the meeting.
Anyone in need of assistance or a
reasonable accommodation for the
meeting should contact the person listed
under the heading FOR FURTHER
INFORMATION CONTACT. In addition, sign
and oral interpretation, as well as a
listening device, can be made available
at the meeting if requested 10 calendar
days before the meeting. Arrangements
may be made by contacting the person
listed under the heading FOR FURTHER
INFORMATION CONTACT.
Issued in Arlington, Virginia, on August
25, 2005.
Joseph Corrao,
Designated Federal Official.
[FR Doc. 05–17393 Filed 8–31–05; 8:45 am]
BILLING CODE 4910–62–P
Aviation Security Advisory Committee
Meeting
Transportation Security
Administration (TSA), DHS.
ACTION: Notice of meeting.
DEPARTMENT OF THE INTERIOR
This notice announces a
public meeting of the Aviation Security
Advisory Committee (ASAC).
DATES: The meeting will take place on
September 22, 2005, from 9 a.m. to 1
p.m.
ADDRESSES: The meeting will be held at
Residence Inn by Marriott Pentagon
City, 550 Army Navy Drive, Arlington
VA 22202.
FOR FURTHER INFORMATION CONTACT:
Joseph Corrao, Office of Transportation
Security Policy (TSA–9), Transportation
Security Administration, 601 South
12th Street, Arlington, VA 22202;
telephone 571–227–2980, e-mail
joseph.corrao@dhs.gov.
SUPPLEMENTARY INFORMATION: This
meeting is announced pursuant to
Endangered Species Recovery Permit
Application
AGENCY:
SUMMARY:
VerDate Aug<18>2005
16:30 Aug 31, 2005
Jkt 205001
Fish and Wildlife Service
Fish and Wildlife Service,
Interior.
ACTION: Notice of receipt of a permit
application.
AGENCY:
SUMMARY: The following applicant has
applied for a scientific research permit
to conduct certain activities with
endangered species pursuant to section
10(a)(1)(A) of the Endangered Species
Act (16 U.S.C. 1531 et seq.). The U.S.
Fish and Wildlife Service (‘‘we’’) solicits
review and comment from local, State,
and Federal agencies, and the public on
the following permit request.
DATES: Comments on this permit
application must be received on or
before October 3, 2005.
PO 00000
Frm 00054
Fmt 4703
Sfmt 4703
52119
Written data or comments
should be submitted to the U.S. Fish
and Wildlife Service, Chief, Endangered
Species, Ecological Services, 911 NE.
11th Avenue, Portland, Oregon 97232–
4181 (telephone: 503–231–2063; fax:
503–231–6243). Please refer to the
permit number for the application when
submitting comments. All comments
received, including names and
addresses, will become part of the
official administrative record and may
be made available to the public.
FOR FURTHER INFORMATION CONTACT:
Documents and other information
submitted with this application are
available for review, subject to the
requirements of the Privacy Act and
Freedom of Information Act, by any
party who submits a written request for
a copy of such documents to the address
above. Please refer to the permit number
for the application when requesting
copies of documents.
SUPPLEMENTARY INFORMATION:
ADDRESSES:
Permit No. TE–108507
Applicant: Manager, California/
Nevada Operations Office, U.S. Fish and
Wildlife Service, Sacramento,
California.
The applicant requests a permit to
take the following species: the shorttailed albatross (Phoebastria
(=Diomedea) albatrus), Mount Hermon
June beetle (Polyphylla barbata),
Behren’s silverspot butterfly (Speyeria
zerene behrensii), callippe silverspot
butterfly (Speyeria callippe callippe), El
Segundo blue butterfly (Euphilotes
battoides allyni), Lange’s metalmark
butterfly (Apodemia mormo langei),
lotis blue butterfly (Lycaeides
argyrognomon lotis), mission blue
butterfly (Icaricia icarioides
missionensis), Myrtle’s silverspot
butterfly (Speyeria zerene myrtleae),
Palos Verdes blue butterfly
(Glaucopsyche lygdamus
palosverdesensis), Quino checkerspot
butterfly (Euphydryas editha quino),
San Bruno elfin butterfly (Callophrys
mossii bayensis), Smith’s blue butterfly
(Euphilotes enoptes smithi), bonytail
chub (Gila elegans), Mohave tui chub
(Gila bicolor mohavensis), Owens tui
chub (Gila bicolor snyderi), Pahranagat
roundtail chub (Gila robusta jordani),
Cui-ui (Chasmistes cujus), Ash
Meadows speckled dace (Rhinichthys
osculus nevadensis), Clover Valley dace
speckled (Rhinichthys osculus
oligoporus), Independence Valley
speckled dace (Rhinichthys osculus
lethoporus), Moapa dace (Moapa
coriacea), California condor
(Gymnogyps californianus), Shasta
crayfish (Pacifastacus fortis),
E:\FR\FM\01SEN1.SGM
01SEN1
]]>Agencies
[Federal Register Volume 70, Number 169 (Thursday, September 1, 2005)]
[Notices]
[Pages 52117-52119]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-17444]
-----------------------------------------------------------------------
DEPARTMENT OF HOMELAND SECURITY
Federal Emergency Management Agency
RIN 1660-ZA06
Flood Insurance Training and Education Requirements for Insurance
Agents
AGENCY: Federal Emergency Management Agency (FEMA), Emergency
Preparedness and Response Directorate, Department of Homeland Security.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: FEMA is publishing minimum training and education
requirements, as required by section 207 of the Flood Insurance Reform
Act of 2004, for all insurance agents who sell Standard Flood Insurance
Policies issued through the National Flood Insurance Program (NFIP).
FOR FURTHER INFORMATION CONTACT: Mr. Edward L. Connor, Federal
Emergency Management Agency, Mitigation Division, 500 C Street, SW.,
Washington, DC 20472, (202) 646-3429 (phone), (202) 646-2849
(facsimile), or Edward.Connor@dhs.gov (e-mail).
SUPPLEMENTARY INFORMATION: On June 30, 2004 the President signed the
Bunning-Bereuter-Blumenauer Flood Insurance Reform Act of 2004 (Flood
Insurance Reform Act of 2004), Pub. L. 108-264. Section 207 of the
Flood Insurance Reform Act of 2004 states:
The Director of the Federal Emergency Management Agency shall,
in cooperation with the insurance industry, State insurance
regulators, and other interested parties--
(1) Establish minimum training and education requirements for
all insurance agents who sell flood insurance policies, and
(2) Not later than 6 months after the date of enactment of this
Act, publish these requirements in the Federal Register, and inform
insurance companies and agents of the requirements.
This notice describes FEMA's implementation of section 207 of the
Flood Insurance Reform Act of 2004. As required by the Act, FEMA has
coordinated with the State insurance regulators, the insurance
industry, and other interested parties. Input received from these
organizations emphasizes the value of working through the State
insurance departments to avoid establishing conflicting or burdensome
training requirements upon insurance agents. While implementing the
minimum training requirements required by section 207, FEMA has been
mindful of the Senate Report language, (S. REP. NO. 108-262, at 4 & 9
(2004)), which cautions:
In some cases, states may already have requirements to ensure
that agents are well-versed in the flood insurance program. Where
possible, FEMA should work to make sure that agents are not burdened
with inconsistent state and federal training and education
requirements. In addition, where possible, FEMA should work to
implement the training requirements through the states, which
already have continuing education processes in place.
Under 15 U.S.C. 1011 et seq., commonly referred to as the
``McCarran-Ferguson Act'', section 6701, States have the authority to
establish qualification standards by which insurance agents are
licensed to do business and to determine the continuing education
requirements for maintaining such licenses in the particular
jurisdiction. However, the McCarran-Ferguson Act specifically excludes
from State regulation an insurance program carried out by the Federal
Government, including the NFIP, and FEMA lawfully may establish
specific standards to sell flood insurance under the NFIP. Rather than
establish separate, and, perhaps duplicative requirements, FEMA has
chosen to work with States to ensure that NFIP requirements are
implemented through established (existing) licensing schemes. For
example, several States already include questions about flood insurance
on their agent licensing examinations, and some also award continuing
education credits for agents who complete flood insurance training. It
is our intent to encourage States to implement minimum training in NFIP
flood insurance as part of their general licensing standards and to
assist
[[Page 52118]]
States in improving their training and testing of agents on flood
insurance matters as appropriate.
FEMA is committed to actively supporting the States in implementing
their flood insurance training programs for insurance agents and will,
in support of that commitment, provide: expertise regarding the content
of a flood insurance training program that would enable insurance
agents to have a basic understanding of the NFIP; access to NFIP
training modules, including online modules; and, NFIP materials and
other technical assistance as may be needed to address unique
requirements. Further, as FEMA establishes policy or procedural changes
or enhancements that should be reflected in State-approved flood
insurance training programs, these will be provided by FEMA to the
State insurance departments.
FEMA will work with State insurance departments that do not already
have established flood insurance training programs for insurance agents
to implement the guidance provided by the National Conference of
Insurance Legislators (NCOIL). The ``State Flood Disaster Mitigation
and Relief Model Act'' adopted by the NCOIL Executive Committee on
November 21, 2003, includes the following text that States will find
useful when adopting their flood insurance requirements:
Part IV. Miscellaneous Provisions Regarding Participation
Sec. 1. Insurance Producer Qualification; Continuing Education
The [State entity for regulating insurance] shall require:
1. Pre-licensing requirement. The [State entity for regulating
insurance] shall require all resident insurance producer applicants
to demonstrate satisfactory knowledge and understanding of flood
insurance and the National Flood Insurance Program, as determined by
the [State entity for regulating insurance] in order to qualify for
licensure.
2. One-time continuing education requirement for existing
licensees. The [State entity for regulating insurance] shall require
resident insurance producers licensed on [the bill's effective date]
to complete a continuing education course related to flood insurance
and the National Flood Insurance Program before [a date certain at
least two years from the bill's effective date]. The course shall be
three hours in length and shall be approved by the [State entity for
regulating insurance]. Completion of the course will provide the
licensee with three hours of continuing education credit.
Incentives for Trained Agents
FEMA offers various incentives to encourage insurance agents to
pursue flood insurance training. The NFIP's Agent Co-op Program
provides agents, Write Your Own (WYO) companies, and insurance
associations with the advertising tools they need to produce local and
regional advertising that supports the national NFIP campaign.
Insurance agents who participate in the program are reimbursed a
portion of their advertising budget when they use the program's pre-
approved ad templates. An additional 25 percent in co-op funds are
offered to agents who complete a State-approved continuing education
course on flood insurance within the past 12 months. Details are
provided at https://www.FloodSmart.gov.
Additionally, agents who sign up for the NFIP's Agent Leads
Referral program receive free leads generated through the NFIP
marketing efforts. Plans are being developed to enable agents who have
completed flood insurance training to be given a special designation or
priority in the distribution of leads.
Flood Insurance Course Content
The following material outlines the standard content that States
should include when establishing or updating their flood insurance
training requirements. This outline reflects input gathered by FEMA
from the following: State insurance regulators; insurance companies
that sell flood insurance under the NFIP's WYO Program; the Independent
Insurance Agents and Brokers of America; the National Association of
Professional Insurance Agents; and the Coalition of Exclusive Agent
Associations. This training course content, if effectively delivered,
would enable insurance agents to gain a basic understanding of the
NFIP, so that they could share this information with their customers.
Additional training should be taken by insurance agents on a regular
basis to gain understanding of more advanced flood insurance topics.
Basic Flood Insurance Course Outline
Section I--Introduction
NFIP Background
Community Participation
Emergency Program Defined
Regular Program Defined
Community Rating System
Eligible/Ineligible Buildings
Coastal Barrier Resources System and Other Protected Areas
Who Needs Flood Insurance?
[cir] Mandatory Purchase of Flood Insurance in High Flood Risk
Zones
[cir] Recommended in Moderate and Low Flood Risk Zones
Why Flood Insurance is Better than Disaster Assistance
Section II--Flood Maps and Zone Determinations
Flood Hazard Boundary Map (FHBM)
Flood Insurance Rate Map (FIRM)
[cir] Pre-FIRM/Post-FIRM Defined
[cir] Special Flood Hazard Area Defined
Base Flood Elevation
Zone Determination
Section III--Policies and Products Available
Dwelling Policy--Types of Buildings Covered
General Property Policy--Types of Buildings Covered
Residential Condominium Building Association (RCBAP)
Policy--Types of Buildings Covered
Preferred Risk Policy--Types of Buildings Covered
Definitions:
[cir] Flood
[cir] Basement/Enclosure
[cir] Elevated Buildings
Damages Not Covered
[cir] Single Peril Policy
[cir] Mudslides vs. Mudflow
Property Covered
[cir] Basements
[cir] Appurtenant Structure
[cir] Loss Avoidance Measures
[cir] Debris Removal
[cir] Improvements and Betterments
Property Not Covered
[cir] Decks
[cir] Finished Items in Basements
[cir] In Enclosures
[cir] Additional Living Expenses
Increased Cost of Compliance Coverage
Section IV--General Rules
Statutory Coverage Limits
Deductibles
[cir] Standard Deductibles
[cir] Applies Separately for Building and Contents
Property Value Determination for Selecting Coverage Amount
Loss Settlement
[cir] Actual Cash Value (ACV)
[cir] Replacement Cost Value (RCV)
[cir] Co-insurance Penalty in RCBAP
Reduction and Reformation of Coverage
No Binders
One Building per Policy--No Blanket Coverage
Building and Contents Coverage Purchased Separately
Waiting Period/Effective Date of Policy
Policy Term
Cancellations
Section V--Rating
Types of Buildings
[cir] Elevated Buildings
[[Page 52119]]
[cir] Buildings with Basements
When to Use an Elevation Certificate
Grandfathering
Section VI--Claims Handling Process
Helping Your Client to File a Claim
Appeals Process
Claims Handbook
Section VII--Requirements of the Flood Insurance Reform Act of 2004
Point of Sale and Renewal Responsibilities
[cir] Notification of Coverages Being Purchased
[cir] Policy Exclusions that Apply
[cir] Explanation Regarding How Losses Will be Adjusted (ACV vs.
RCV)
[cir] Number and Dollar Amount of Claims for Property
[cir] Acknowledgement Forms
Section VIII--Agent Resources
Write Your Own Company
FEMA Web sites:
[cir] https://www.fema.gov/nfip
[cir] https://www.floodsmart.gov
[cir] https://training.nfipstat.com
Flood Insurance Manual
Dated: August 25, 2005.
Michael D. Brown,
Under Secretary, Emergency Preparedness and Response, Department of
Homeland Security.
[FR Doc. 05-17444 Filed 8-31-05; 8:45 am]
BILLING CODE 9110-11-P
