Insurance Exam Vocabulary Terms

Federal Flood Insurance

Coverage for qualifying residents and businesses in flood prone regions through the National Flood Insurance Act, a federally subsidized flood insurance program enacted in 1968.

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Other terms you may be interested in:

Combined Ratio
Capital and Surplus
Short-term Disability
Notional Value
Retention Limit
Centers for Medicare & Medicaid Services (CMS)
Subsequent Event
Book Value
Term Insurance
Accumulation Period

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