The National Flood Insurance Program
15 min! Run Time
Employees
only
of Completion
What you'll learn
Skills covered in this course
Description
The National Flood Insurance Program was created to help the U.S. manage the impact of flooding after losses strained insurers and taxpayers.
What this course covers:
- The statutes that govern the NFIP
- Why Congress established the program
- The goals of the NFIP
- How community participation and NFIP coverage work
For lenders and compliance staff who handle flood insurance requirements.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
The National Flood Insurance Program
Concerns about the NFIP's fiscal soundness led Congress to pass the Biggert-Waters Flood Insurance Reform Act of 2012 to spur the private market.
What this course covers:
- Why Biggert-Waters was enacted
- The mandate that lenders accept private flood insurance
- The confusion lenders faced implementing the mandate
- How the 2019 final rule clarified compliance
For lenders and compliance staff evaluating private flood insurance policies.
Frequently Asked Questions
The course explains that the NFIP was created to help the U.S. manage the impact of flooding after losses strained both insurers and taxpayers, prompting a coordinated federal response to a growing nationwide risk. This detail sits at the center of what the National Flood Insurance Program course is meant to teach.
It covers the statutes that govern the NFIP, giving lenders and compliance staff the legal framework behind the program's requirements before moving into how the program actually operates day to day. It is one of the specific points the course on the National Flood Insurance Program walks through in depth.
The course walks through why Congress established the program, tying the decision back to the financial strain flooding losses placed on insurers and taxpayers across many affected communities nationwide. The course keeps this grounded in the practical realities covered under the National Flood Insurance Program.
It outlines the goals of the NFIP, framing what the program is meant to achieve for communities exposed to flood risk and for the insurers and taxpayers who bear related costs. This is a core thread the National Flood Insurance Program material returns to throughout the lesson.
The course explains how community participation and NFIP coverage work together, showing lenders and compliance staff how local government involvement directly shapes flood insurance availability within a given community. It reflects the kind of applied detail the course builds into its coverage of the National Flood Insurance Program.
Growing flood losses strained insurers and drove up disaster relief costs, prompting Congress to create the National Flood Insurance Program.
What this course covers:
For staff who need an introduction to how NFIP flood insurance works.