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IS-1108: Insuring Condominiums

PLEASE NOTE: These courses are NOT approved for continuing education (CE) credit by any State Department of Insurance.

Upon successfully passing the exam, you will receive a Certificate of Achievement noting CE earned through the International Association for Continuing Education & Training (IACET). Each hour of instruction completed earns 0.1 CE Unit through IACET (.1 CE Unit = one CE). If you are taking a FEMA EMI Independent Study course in order to earn CE, be sure to confirm in advance that your professional board or other preferred entity will accept IACET CE. You can also check IACET's website for a list of entities that accept IACET CE at http://iacet.org/who-accepts-the-iacet-ceu-g-see-a-list. FEMA accepts IACETs.

Course Date

9/2/2015

Course Overview

This course reviews the different ways that condominiums can be written in the NFIP and what makes condominiums unique—in other words, what sets them apart from other building types that are written in the National Flood Insurance Program. Rich Slevin of NFIP Training will lead you through a series of video segments covering topics relevant to condominiums in the NFIP. Knowledge checks following the segments help you check your understanding and reinforce the subject matter.

Course Objectives:

At the end of this course, you will be able to:

  • Define condominium according to the NFIP
  • Identify the different ways condominiums are written using the three Standard Flood Insurance Policy (SFIP) coverage forms
  • Explain the methods used for rating low-rise and high-rise condominium buildings
  • Recognize the coverage differences and distinct loss settlement procedures for condominiums insured under the RCBAP, Dwelling, and General Property Forms

Primary Audience

NFIP Insurance Agents

Prerequisites

Recommended Prerequisites

1101 Basic Agent Tutorial

CEUs:

0.1

Course Length:

1 hour
Take This Course
Take Final Exam
Notices
  • Test questions are scrambled to protect test integrity
 
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