The rates used when the lowest floor goes below the lowest adjacent grade on all sides by a 10th of an inch or more
What are with basement rates?
100
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Buildings in AE A1-30 or VE V1-30 must have their EC’s completed by one of these people
Who is a licensed surveyor, engineer or architect?
100
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The lowest floor for rating when any of the following conditions exists: The enclosed space is finished (have more than 20 linear feet of finished wall-paneling, etc.); or the unfinished enclosed space is used for other than building access, parking or storage; or the unfinished enclosed space has no proper openings
What is the enclosure floor? Or…What is C2a??
100
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5 or more Units & 3 or more floors
What is a high rise building?
100
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All documentation required for canceling a policy for building sold
What is a cancellation request signed by both the agent and insured and settlement paperwork?
200
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Rules that recognize policyholders who have built in compliance with the FIRM and/or remained loyal customers of the NFIP by continuous coverage
What are the Grandfathering rules?
200
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When rating a slab foundation this floor is used as the LFE when the M&E located here is below the BFE and the area is not properly vented
What is the elevation of the attached garage?
200
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The diagram number used to describe a building built on a slab or stem-wall slab foundation
What is diagram 1 or 1a
200
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Only contents coverage is available for this unit owner
Who is Non-Residential Condo Unit owner? –or- What is a residential condo unit in a non-residential building?
200
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Contents items covered in a basement regardless of zone or a Post-FIRM Elevated Building with an Enclosure in specific zones
What is an a/c unit (window or portable), clothes washer/dryer or food freezer other then walk in and the food in the freezer?
300
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Rates used to issue policies when producers fail to provide the required actuarial rating information
What are Tentative Rates?
300
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Elevation Certificates are not required for rating on these types of buildings
What are Pre-FIRM buildings or buildings located in B, C, X or D zones?
Additional (not required): A, AO, AH, A99
300
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The diagram number used to describe a walk-out basement or elevated on full perimeter story walls building
What is diagram 7
300
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Buildings that are always considered to be low-rise buildings for rating purposes, no matter how many units or floors they have.
What is Townhouse/Row house?
300
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Documentation that must be submitted within 60 days of filing a claim, and how it must be certified
What is a Proof of Loss Statement, signed and notarized?
400
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Those properties which are a high flood risk because of peculiarities in their exposure to flooding & therefore do not lend themselves to preprogrammed rates
What is Submit for Rate?
400
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This floor is used for rating when the building is elevated and the enclosure and garage are properly vented in zones other than V-zones
What is the next higher floor? Or… what is C3b?
400
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The lowest floor for rating when the building is on a slab with an attached garage that is not properly vented but has no M&E located below the BFE
What is the slab floor? Or… What is C3a, C2a, or the “house floor”
400
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Penalty imposed on loss payment unless the amount of insurance applicable to the damaged building is 80% of the replacement cost or the maximum amount of insurance available.
What is Co-Insurance Penalty?
400
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Cancellation reason that cannot be used if an agent or agency advanced funds for the purchase of flood insurance
What is non-payment, or reason 5?
500
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Insurance to Value Indicator for a building that is a business that is worth $1,000,000 and has a policy with the maximum allowable coverage (hint: Vzones)
What should be as 2? Allowable answer: Or at 50%
500
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Post FIRM buildings in these flood zones with a basement or an enclosure that is not properly vented are automatic Submit for Rates
What are buildings in an un-numbered A, AO, AH or D.
500
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The lowest floor for rating a building in a V-zone which has an unfinished enclosure that is less then 300 square feet with breakaway walls, & no M&E below the BFE
What is the Lowest Horizontal Structural Member? Or… What is C3c, C2c?
500
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The Residential Condominium Building Association Policy does not provide this coverage.
What is Assessment coverage?
500
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Zones that are not subject to Post-FIRM elevated with enclosure coverage limitations