Knowledge Check
Choose the term that best matches each description.
A. Agreement
B. General Property Form
C. Liberalization Clause
D. Standard Flood Insurance Policy (SFIP)
1.
Specifies the terms and conditions of the agreement of insurance between either FEMA as insurer (for policies issued by the NFIP Direct Servicing Agent) or the WYO company as insurer (for policies issued by the WYO Program) and the named insured. Contains three forms.
<Choose Match>
Agreement
General Property Form
Liberalization Clause
Standard Flood Insurance Policy (SFIP)
2.
Outlines the promise the insurer makes to the policyholder. It is one of the key sections of the policy.
<Choose Match>
Agreement
General Property Form
Liberalization Clause
Standard Flood Insurance Policy (SFIP)
3.
Form used for non-residential buildings and their contents.
<Choose Match>
Agreement
General Property Form
Liberalization Clause
Standard Flood Insurance Policy (SFIP)
4.
Describes what happens if a change is made to the current edition of the policy that broadens coverage.
<Choose Match>
Agreement
General Property Form
Liberalization Clause
Standard Flood Insurance Policy (SFIP)
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