BankerCollege

The effective date of accepting private flood policies is now in the rear-view mirror.  It’s imperative that your institution has addressed the requirement to accept private flood insurance and has defined the processes used to evaluate private flood insurance policies.  Examiners have recently updated their flood examination procedures – have your institution’s policies, procedures, training, and monitoring activities kept pace?  This compliance training will review the updated examination procedures to ensure your institution has taken reasonable actions to successfully pass your next flood insurance examination.

Attendees to This Compliance Training Will Learn to:

• Comprehend the new exam procedures and how to best document compliance
• Discuss monitoring activities to self-identify and correct program deficiencies prior to the next exam
• Meet expectations for an effective flood insurance compliance management system
• Employ tips for managing your private flood insurance portfolio
• Determine expectations for policies and procedures in the interagency exam procedures
• Handle plans issued by a mutual aid society
• Understand what constitutes an effective flood training program
• Benefit from lessons learned from recent flood penalties
• Effectively communicate revised policies and procedures