Introduction to Flood Insurance March 25, 2009

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Commissioner Oxendine is making it mandatory for agents who sell flood insurance to complete at least 3 hours Flood Insurance CE this year.
Flooding is the most common natural disaster in the United States.
Yet every time there is a flood event, the media highlights the victims who chant in unison that they never knew that flooding was not covered by their homeowners insurance. Eventually, state insurance departments receive complaints, and legislators promise investigations. Finally, errors and omissions lawsuits are filed and agents find themselves trying to defend against two major allegations.
They will be accused either of failing to advise clients to purchase flood insurance or of failing to advise clients of the limitations of flood coverage under the standard homeowners policy. It is a cycle that cannot continue. There is no longer an excuseevery insurance agent needs to know about flood insurance.
Excerpt from Recommend Flood Insurance to Every Client
By Rita Hollada, CIC, CPCU, CPIA
Make plans to attend this very informative 4 hour Flood Insurance CE brought to you byAIG Agency Autoand Gwinnett Chapter of Independent Insurance Agents.
Be sure to bring your business cards to register for prize drawing.
AIG Agency Auto is donating an AIG OGIO Golf Bag and a Callaway Golf Putter Gift Set at the Flood CE meeting.
Registration fee includes full "Southern-style" breakfast and refreshment breaks.
Course includes:
Introduction to Flood Insurance
Who needs it, where it is available, lender force place regulations.

Background of the National Flood Insurance Program
The relationship of the WYO Insurance Company with the NFIP.

Definitions, Terms and Acronyms
Discussion of how they are used in flood insurance.

Flood Definition, Coverages, Policies, Deductibles, and Program Rules
Discussion and instruction

Understanding of NFIP Pre-firm/Post-firm Regulations
Discussion and written exercise

Rating Rules
Discussion/instruction and completion of rating sample Exercises

Regulations Regarding Endorsements, Cancellations, and
Claims Handling & Processing Procedures
Discussion and instruction

Questions & Answers and Written Exam

Organized by Gwinnett Association of IIAG

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Ticket Info:  

• Attendee - pay online, $20.99
• Attendee - pay at door, $25.99
• Gwinnett Chapter Member - up to 2 free, each additional $20.00, Free

Official Website: http://flood-upcoming.eventbrite.com