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NFIP Underwriter Scavenger Hunt – 2024 Flood Insurance Manual

Instructions: Use the 2024 Flood Insurance Manual to locate the answers to these questions. Record the page numbers where you find each answer.

1. What are the general eligibility requirements for insuring a building under the NFIP?
2. What is the definition of a "Pre-FIRM" building, and how does it affect rating?
3. In what flood zones is an Elevation Certificate (EC) mandatory for rating?
4. What is the surcharge amount for a policy on a non-primary residence?
5. Under what circumstances can an underwriter correct a policy’s effective date?
6. How is a policyholder’s refund calculated if they cancel due to a duplicate policy?
7. What documentation is required when an agent requests a policy change to reduce coverage?
8. What determines whether a policy will go through auto-issuance (Green Path) or require underwriter review (Yellow Path)?
9. How does an underwriter determine if a building is "Partially Over Water," and what impact does this have on insurability?
10. What is the waiting period for a new NFIP policy to become effective if there is no loan requirement?
11. How does an underwriter verify whether a property is a condominium or a single-family dwelling?
12. What is the maximum deductible allowed for a residential policy, and how does it affect premium calculation?
13. What is the difference between a General Property Form and a Residential Condominium Building Association Policy (RCBAP)?
14. Under what conditions can an underwriter increase a policy's coverage mid-term?
15. What are the rules for handling a policy transfer between two NFIP insurers?
16. What is the process for endorsing a policy to correct a misclassified flood zone?
17. How does an underwriter determine whether a building is considered "Below Ground Level" for rating purposes?
18. What are the specific coverage limits for contents in a non-residential policy?
19. What steps must an underwriter take to validate an Elevation Certificate?
20. What conditions must be met for an NFIP policy to be canceled under a null and void endorsement?