User:WikiAdmin/sandbox: Difference between revisions

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{| class="wikitable"
 
|+ Types of Scenarios for NFIP New Business
! Scenario
! Summary of Process
! Details
|-
| '''Effective Date Validation'''
| Confirm that the effective date aligns with NFIP rules, considering waiting periods and payment receipt.
| [[Effective Date Rules]]
|-
| '''Elevation Certificates'''
| Verify elevation data against policy rating details; ensure the certificate is complete and accurate.
| [[Review Elevation Certificates]]
|-
| '''Newly Mapped Discounts'''
| Apply statutory discounts; verify eligibility and documentation requirements for newly mapped areas.
| [[Newly Mapped Discounts]]
|-
| '''Mitigation Discounts'''
| Confirm eligibility for floodproofing or other mitigation-based discounts; ensure proper documentation.
| [[Mitigation Discounts]]
|-
| '''Primary Residence Verification'''
| Validate the policyholder’s primary residence status; ensure criteria are met and documented.
| [[Primary Residence Rules]]
|-
| '''Flood Zone Verification'''
| Confirm the property’s flood zone information using updated maps or third-party data.
| [[Flood Zone Updates]]
|-
| '''Coastal Barrier Resource System (CBRS)'''
| Ensure compliance with CBRS restrictions and verify eligibility for properties in these zones.
| [[CBRS Compliance]]
|-
| '''Policy Transfers (Rollovers)'''
| Review documents to confirm proper transfer of policies between carriers or agents.
| [[Policy Transfers]]
|-
| '''Additional Insured Parties'''
| Verify and add additional insured parties; ensure proper documentation is attached.
| [[Adding Insured Parties]]
|-
| '''Incomplete Payment Reconciliation'''
| Resolve discrepancies between premium billed and premium received; confirm the balance is correct.
| [[Payment Reconciliation]]
|}

Revision as of 11:44, 18 December 2024