Delaware- Flood Insurance Made Simple!

Total Hrs / Order Price
1-5 $15.95
6-17 $24.95
18-24 $39.95
25-50 $49.95
51+ $49.95 + $2.00 per
additional hour over 50

Pricing based on total number of
hours in order.

Approved For:

  • All Licenses

Credit Hours
3

Course Type
Online

DOI Number
27944

Publisher
FastrackCE, LLC

State
Delaware

State
State CE Requirements

CE Course Description

Flooding is the nation's #1 natural disaster. In just the past 10 years (1996-2005), annual flood losses in the United States averaged $2.4 billion per year. Currently nearly 5 million policyholders are protected with flood insurance policies; however many more homeowners remain at risk.

Due to its catastrophic nature, flood damage is excluded in homeowners’ insurance policies.

Many homeowners mistakenly believe they are covered for flood losses, when in fact they must purchase flood insurance through FEMA and the National Flood Insurance Program (NFIP) in order to have such coverage.

NFIP policies are sold by property insurance agents, which means a producer must be up to date on the National Flood Insurance Program, its coverage, conditions and more. This is the purpose of the online continuing education course, Flood Insurance Made Simple.

This self-study CE course begins with a discussion of flooding and the disastrous damage it can cause, including:

  • Definition of flooding and its causes;
  • Who is at risk of flood damage; and
  • Misconceptions about FEMA’s Natural Disaster relief.

From there, we delve into the National Flood Insurance Program:

  • Flood coverage
  • Definition of Flood Zones
  • Low, Moderate and High Risk Flood Zones
  • How to buy a flood insurance policy
  • Underwriting
  • Community rating
  • Choosing a deductible
  • What is insured against flood damage; and
  • How flood damage is valued.

A large portion of this online CE course examines flooding in general – including specific cases of flooding and the damage caused. It is important for property insurance agents to be able to convey to homeowners that everyone is at risk for flood damage. Therefore, we make a significant effort to inform agents on:

  • Flood misconceptions
  • How floods can happen anywhere
  • Causes of flooding
  • Why homeowners cannot rely on disaster relief from the federal government; and

This continuing education course explores and describes the key elements of floods, flooding, and insuring against them through flood Insurance in general and the National Flood Insurance Program (NFIP) in specific. This concise study of floods and flood insurance provides students with interesting, informative, and applicable facts, figures, and real life examples of what Mother Nature dishes out. It also points out what people can and should do to deal and cope with the devastating consequences of floods. This CE course may satisfy the state CE requirement for NFIP (please check with your state to confirm the flood course requirements).

Required CE Hours for Renewal in Delaware

  • All Agents

    • 24 hours of CE biennially, which must include at least 3 hours of ethics.
  • All Public Adjusters and Fraternal Producers

    • 12 hours of CE biennially, which must include at least 3 hours of ethics.

Special Training/Education Requirements (LTC, Flood, Ethics, others)

  • Long Term Care -LTC

    • Agents wishing to sell Long Term Care are required to take a 3 hour Delaware Department of Insurance certified course every two year renewal term.
  • Flood Insurance Training

    • An insurance producer who sells flood insurance may satisfy the minimum training and education requirements by completing a 2-hour course related to the National Flood Insurance Program (NFIP).

How Hours are Reported

  • CE completions are submitted electronically the next business day after a passing completion is acquired.

License Term

  • Resident agents are required to complete credits by the last day of February of even numbered years. Each biennial license period shall commence on March 1st and end on the last day of February of even numbered years.
  • Nonresident agents are required to complete credits by the last day of February of odd numbered years. Each biennial license period shall commence on March 1st and end on the last day of February of odd numbered years.

Course Type approved for Continuing Education

  • Online courses
  • Independent Self-study
  • Classroom Study

Final Exam

  • Final exams do not have to be monitored.
  • Final exams are open book.
  • A passing grade of at least 70% required to pass the course.

Carryover CE Hours

  • Only 5 CE credit hours may be carried over from one term to another. Excess LTC and ethics hours will be counted as general education hours.

Repeating Courses

  • Courses may not be taken for credit more than once in each renewal period.

Completion Certificates

  • Certificates of completion are available as soon as a course is completed with a passing grade. Certificates should be printed and kept on file.

Exemptions

  • Limited Lines Producers writing consumer credit, title, crop/hail, surety and car rental insurance.
  • Limited Lines Producers licensed under 18 Del. C. 1707(b)(2) for life insurance or annuity products used solely to fund pre-need arranged funeral program.
  • Nonresident adjusters and Nonresident public adjusters.
  • Resident adjusters licensed solely for surety and/or Marine & Transportation

Delaware Department of Insurance


Phone: 302-674-7300
Continuing Education: 302-674-7393 Fax: 302-739-5280
Email: stacy.washburn@state.de.us

Mailing Address:
Delaware Department of Insurance
Licensing Division
841 Silver Lake Blvd.
Dover, DE 19904

Web site: Delaware Department of Insurance