The National Flood Insurance Program continues to undergo change. Some of the change is aimed at providing a better customer experience for policyholders while other changes continue the implementation of the Biggert-Waters Flood Insurance Reform Act and the Homeowner Flood Insurance Affordability Act. This new series of short videos explains the key elements of changes to the NFIP that are effective October 1, 2018.
What You Will Learn
This series is presented in three short video segments. Watch them all or just those you'd like to review. The series covers the following topics:
Establishment of Cancellation Reason Code 26: Duplicate Coverage under a non-NFIP Policy
Required Notification of PRP Eligibility for Certain Cancellation Reasons
Extended Eligibility for the Newly Mapped Rating Procedure
Suggested Additional Reading
FEMA periodically issues WYO Program Bulletins related to legislative changes and clarifications to the NFIP Flood Insurance Manual. FEMA recently published Bulletin w-18021a - April 1, 2019 and January 1, 2020 Program Changes.