policy endorsements. In these cases, the restriction on refund has changed from 6 years to 5. In addition, for certain other types of policy cancellations, the NFIP will limit the premium refunds to the current policy term only. You’ll be able to check out the all the new rules in the November 1st Flood Insurance Manual or Attachment F in the Bulletin w-15016. Finally on October 1, 2015, updates to the Community Rating System Eligible Communities list will become effective. This updated list will also be included in the November 1, 2015, edition of the NFIP Flood Insurance Manual when it is published on the FEMA website. Of course what would a new Flood Insurance manual be without updates to the NFIP Servicing Agent Contact Information and the NFIP Bureau and Statistical Agent Regional Offices. not part of the changes effective on November 1st but also coming soon will be a new Elevation Certificate and a new diagram for the Elevation Certificate. A new Diagram Number has been developed to identify non-elevated buildings with a walkout basement. Non-elevated buildings with a walkout basement are identified as Diagram Number 2b. Non-elevated buildings with a basement that is not a walkout basement are identified as Diagram Number 2a. By the way the new EC will be on legal size – paper. OK that is all for now. Remember, most of these changes will take effect, for new business and renewals, beginning November 1, 2015. This is NFIP Training urging you to get with the Program the National Flood Insurance Program. –
policy endorsements. In these cases, the restriction on refund has changed from 6 years to 5. In addition, for certain other types of policy cancellations, the NFIP will limit the premium refunds to the current policy term only. You’ll be able to check out the all the new rules in the November 1st Flood Insurance Manual or Attachment F in the Bulletin w-15016. Finally on October 1, 2015, updates to the Community Rating System Eligible Communities list will become effective. This updated list will also be included in the November 1, 2015, edition of the NFIP Flood Insurance Manual when it is published on the FEMA website. Of course what would a new Flood Insurance manual be without updates to the NFIP Servicing Agent Contact Information and the NFIP Bureau and Statistical Agent Regional Offices. not part of the changes effective on November 1st but also coming soon will be a new Elevation Certificate and a new diagram for the Elevation Certificate. A new Diagram Number has been developed to identify non-elevated buildings with a walkout basement. Non-elevated buildings with a walkout basement are identified as Diagram Number 2b. Non-elevated buildings with a basement that is not a walkout basement are identified as Diagram Number 2a. By the way – the new EC will be on legal size paper. OK that is all for now. Remember, most of these changes will take effect, for new business and renewals, beginning November 1, 2015. This is NFIP Training urging you to get with the Program – the National Flood Insurance Program.
November_2015_Program_Changes_Transcript.docx