Massachusetts- 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 $0.50 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
C03013

Publisher
FastrackCE, LLC

State
Massachusetts

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 Massachusetts

  • All Licenses

    • All producers must complete 60 hours during the first 36 months licensed and 45 hours every 36 months thereafter.
    • Public Adjusters must complete 15 hours every 36 months. (Public Adjusters may complete any course approved under the Property/Casualty license type)

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. A fee of $0.50 fee will be charged for processing of your credit hours for each course taken and will be added to your check out total.

License Renewal Term

  • The term of the license is different that the renewal period. Please check with the department about your license term.
  • The renewal term is every 3 years based upon the license issuance date.

Course Type approved for Continuing Education

  • Online courses
  • Independent Self-study
  • Classroom Study

Final Exam

  • Final exams need to be monitored by a disinteresed third party.
  • Final exams are CLOSED book.
  • A passing grade of at least 70% required to pass the course.

Carryover CE Hours

  • A maximum of 45 CE credits may be carried over from one 3 year 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

  • Licensees who hold one of the following: viatical brokers/representative license, reinsurance intermediary brokers/managers license, surplus lines brokers license, or a advisors license.
  • All individuals licensed prior to April 4, 1983 are exempted by statute, commonly referred to as "grandfathered", from the requirements of continuing education. In order to maintain this status, however, such individuals must be continuously licensed. If an individual allows his or her license(s) to lapse and later re-applies, the exemption will not be available and continuing education requirements will apply. Furthermore, please be reminded that individuals licensed prior to April 13, 1983 who subsequently amend their licenses by adding an additional line or lines of authority are then subject to the continuing education requirements. See 211 CMR 50.04(b).
  • Nonresident agents who are in good standing with CE requirements in their home state.

Massachusetts Consumer Affairs and Business Regulation


Main Phone: (617) 521-7794
Producer Licensing Phone: (617) 521-7794
Producer Licensing Fax: (617) 521-7576

Mailing Address:
Commonwealth of Massachusetts
Division of Insurance
1000 Washington St, Suite 810
Boston, MA 02118-6200

Web site: Commonwealth of Massachusetts: Division of Insurance