Newly Proposed Private Flood Insurance Q&As
On March 11, 2021, the Agencies announced new proposed guidance related to flood insurance in the form of Interagency Questions and Answers (Q&As).
You may recall the Agencies issued proposed new and revised Q&As covering a wide range of flood-related topics back in July 2020. At first glance, these proposed Q&As appear to look just like the ones we received in July. However, there is a separate document that includes an additional 24 Q&As specifically dealing with private flood insurance. It’s important to note, the July 2020 Q&As have not been changed nor have they ever been finalized.
If you want more information on the July Q&As, we covered them in-depth during our, “New Flood Insurance Q&A Proposal” webinar, which is available OnDemand now in our store.
As for the 24 newly proposed Private Flood Insurance Q&As, we will address these during our upcoming, “Private Flood Insurance: Rules & Proposed FAQs” webinar on April 15th.
If you are looking for more comprehensive Flood Insurance training, make sure you check out our two-part Flood Insurance Compliance Webinar Series in May!
Find all your Flood Resources here!
Published
2021/03/15
Kevin Edwards
Kevin brings years of experience and a unique perspective on regulatory matters to our clients. A self-proclaimed geek and accredited CRCM, Kevin is also a recovering attorney with experience as in-house counsel for a large regional bank and one of the leading national title insurance providers. For reasons unknown, Kevin decided to leave the safety and serenity of his desk job to seek fortune and glory as a wandering adventurer. Like a bank compliance version of Kwai Chang Caine, The Man with No Name or Don Quixote, he now travels the land seeking to help those in need and righting compliance wrongs, wherever he may find them. Kevin lives in Sioux Falls with his two children, who are surprisingly normal after having endured their father’s vivid imagination for their entire lives. He won’t admit to having any hobbies, because apparently “Regulations never sleep.” (While he does say this in his Batman voice, we’re pretty sure he’s joking.) From the looks of his Facebook page, he likes the outdoors and spending time with his large extended family (who seem like relatively normal people).