Insurance producers who sell flood insurance through the National Flood Insurance Program (NFIP) are required under new law to complete 3 hours of enhanced flood insurance instruction in addition to the other standard requirements. This largely applies to property and casualty producers and those who offer all lines of insurance. The state prohibits this flood content from being included in any other package, so we are offering it as a standalone course for those it applies to.
In this course, we’ll cover the history of flood insurance and the need for the NFIP. Key legislation and the role of an insurance producer are discussed. Policies and products that may be sold are detailed, including property coverage and exclusions. Next is an overview of errors and omissions insurance. Ethical considerations and case law are touched on. Finally, we’ll walk the student through writing a flood insurance policy and what happens when a claim occurs.
Show Course ID: 1
- Course ID(s): 3199
- Approved By: New York Department of Financial Services
Aaron Phelps is At Your Pace Online’s Subject Matter Expert for Property and Casualty Insurance. Prior to entering the insurance field, Aaron worked for 7 years in customer service and management before entering into the insurance field. He is a licensed insurance agent in Oregon with a Bachelor of Science degree from Oregon State University in Communication and has been working locally since 2015. Aaron specializes in individual health insurance plan options and life insurance, provides employee benefits support for his company’s group clients, and expertly handles insurance needs for personal line clients. His favorite part of his job is helping people understand how insurance policies work and alleviating their anxiety and fear over the process. In addition to his accomplished career in the insurance field, Aaron has been married for 17 years and shares 4 children with his wife. He spends his free time backpacking, traveling, and camping or simply relaxing and enjoying good food and drinks with his friends.