Kentucky- 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:

  • Property and Casualty

Credit Hours
3

Course Type
Online

DOI Number
C03013

Publisher
FastrackCE, LLC

State
Kentucky

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 Kentucky

  • All Licenses

    • 24 hours of approved continuing education must be completed during each continuing education biennium.
    • Of the 24 hours of coninuing education course 6 hours of the CE courses must be completed in the line of authority of the licensee, with the exception of adjusters who may take all courses in Property and Casualty.
    • Of the 24 hours, at least 3 hours of credit must be specifically approved as Ethics.
  • Life Settlement

    • 24 hours of approved continuing education must be completed during each continuing education biennium which must include 3 hours of ethics, 3 hours of life settlement, and 3 hours of life insurance every renewal period.

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

  • Long Term Care -LTC

    • Agents wishing to sell Long Term Care are required to take a one time only 8 hour Department of Insurance certified course
    • Each license term thereafter each agent must complete a 4 hour Long Term Care Partnership CE course that is approved by the department.
  • Flood Insurance Training

    • An insurance producer who sells flood insurance may satisfy the minimum training and education requirements by completing a 3-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

  • If born in an even year license renews on the last day of your birth month every even year. If born in an odd year license renews on the last day of your birth month every odd year.
  • ADJUSTERS: Your first CE compliance date is July 31, 2012 if you have had your license for at least a year. Then the same license term

Exemptions

  • Limited lines licensees: Limited Line Credit, Travel, Crop, Surety
  • Agents who receive their license less than one full year before the end of their current continuing education biennium. (But, these agents are not exempt from the next biennium and thereafter.)
  • Agents who are nonresident and have complied with all the CE requirements in their home state.

Course Type approved for Continuing Education

  • Online courses
  • Independent Self-study
  • Classroom Study

Final Exam

  • Final exams do not need to be monitored and are open book.
  • Must receive a 70% to achieve a passing grade.

Carryover CE Hours

  • Up to 12 CE credits can be carried over, however this does not apply to the ethics requirement. Extra ethics credits will be used as general credits only.

Repeating Courses

  • Courses may not be taken 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 for 3 years.
  • A copy of the certificate should be sent to the Department of Insurance within 30 days of completing the course.

Kentucky Department of Insurance

Phone: (502) 564-3630 or (800) 595-6053
Fax: (502) 564-6030

Email: DOI.AgentLicensingMail@ky.gov

Mailing Address:
Kentucky Department of Insurance
Licensing Division
215 West Main Street
Frankfort, KY 40601

Web site: Kentucky Department of Insurance