Maryland- 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
In addition: A State filing fee of $0.60 per credit hour will be added to the total

Pricing based on total number of
hours in order.

Approved For:

  • Property and Casualty

Credit Hours
3

Course Type
Online

DOI Number
3013

Publisher
FastrackCE, LLC

State
Maryland

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 Maryland

  • All Licenses

    • 24 hours of CE credits each renewal period, out of the 24 hours 3 hours must be ethics.

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

  • State of Maryland-LTC

    • Agents wishing to sell Long Term Care are required to take a one time only state approved 2 hour Maryland Long Term Care Course.
  • 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 must take 2 hours of approved flood courses every 2 years.

How Hours are Reported

  • CE completions are submitted electronically the next business day after a passing completion is acquired. A fee of $0.60 fee will be charged for processing of your credit hours for each course taken and will be added to your check out total.

License Term

  • EFFECTIVE APRIL 11, 2011 The license term will be every two years based upon the agents birth date.
  • EXAMPLE 1 Your current license expires 05/01/2011, and your date of birth is 10/25/75. In this case your license will be renewed once all documentation and fees are received and you will receive an expiration date of 10/31/2013.
  • EXAMPLE 2Your current license expires 01/02/2013, and your date of birth is 12/04/66. In this case your license will be renewed once all documentation and fees are received and you will receive an expiration date of 12/31/2015.

Course Type approved for Continuing Education

  • Online courses
  • Independent Self-study
  • Classroom Study

Final Exam

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

Carryover CE Hours

  • CE credits may NOT be carried over from one term to another.

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

  • Agents who are Maryland attorneys selling title insurance and are in good standing with the Maryland Court of Appeals.
  • Nonresident agents who are in good standing in their home state.

Maryland Insurance Administration


Toll Free Phone: 888-204-6198
Phone: 410-468-2006
Fax: 410-468-2399

Mailing Address:
Maryland Insurance Administration
Attn: Producer Licensing
200 St. Paul Place, Suite 2700
Baltimore, MD 21202

Web site: Maryland Insurance Administration