Mo. Commissioner Issues New Flood Bulletin on Training for Producers

The Department of Insurance, Financial Institutions & Professional Registration this week issued a bulletin regarding training requirements for insurance producers who offer flood insurance policies through the National Flood Insurance Program (NFIP). This effort relates to Section 207 of the Flood Insurance Reform Act of 2004, which requires all producers, with a property line of authority, selling flood insurance policies under the NFIP to be properly trained and educated about the program to ensure their clients receive the best service possible.

“Missourians have seen the impact of flooding on this state before,” said Dale Finke, director of the Missouri Department of Insurance, Financial Institutions & Professional Registration. “It is important that we insure this risk with the help of competent and educated professionals.”

The bulletin explains that the Federal Emergency Management Agency and state-approved continuing education providers are developing courses related to the NFIP to better educate and train insurance producers, according to the Missouri Department release.

In addition, the bulletin states that an insurance producer who sells flood insurance may satisfy the minimum training and education requirements by completing a course related to the NFIP, which may be approved for three hours of continuing education credit. The failure to comply with this continuing education requirement may jeopardize the producer’s authority to write insurance through the NFIP.

“What’s New at the NFIP?” courses to be presented by the National Flood Insurance Program/Computer Sciences Corporation will held at the following locations:

Nov. 28 O’Fallon Civic Hall,
Civic Park Drive,
O’Fallon, Mo. 63366
8 a.m. – noon

Nov. 29 Library Center,
Meeting Rooms: A & B,
4653 South Campbell,
Springfield, Mo. 65810
8 a.m. – noon

Nov. 30 Fred Arbannis Golf Course Clubhouse,
11100 View High Drive,
Kansas City, Mo. 64134
8 a.m. – noon

Insurance producers seeking more information about these and other NFIP workshops, can visit FEMA’s NFIP Web site at http://www.fema.gov/business/nfip/a_wshop7.shtm or call the NFIP Region VII office at (785) 242-1097.

The entire bulletin is available at http://www.insurance.mo.gov by following the “Bulletins” link.

The Missouri Department of Insurance, Financial Institutions and Professional Registration (DIFP) is responsible for consumer protection through the regulation of financial industries and professionals.

Source: Missouri Department of Insurance, Financial Institutions and Professional Registration

Topics Flood Training Development Missouri