The Directors Education Series: Flood Insurance Principles

Flood insurance rules can impact your regulatory compliance program as well as the safety and soundness of your organization. As a board member, it is important to remember that you are in to the focus of your regulator, and you must make sure that you are employing all of the means and measures available to you to keep the bank's compliance management system strong. Flood insurance has a long history; however, recent changes and updates to these rules (2012, 2014 and others) have introduced a whirlwind of implementation challenges for institutions across the country.

This program will discuss some of the core principals to keep in mind as well as the newest rules that went into effect in July 2019 that will further impact your institution as well as offer opportunities for private flood insurance in addition to the traditional offerings from the federal government. Individual topics for discussion include:

  • Key Flood Insurance Legislation
  • Flood Insurance Responsibilities
  • Flood Status: Triggering Events
  • Designated Loan
  • Flood Zone Designations
  • Borrower Notices
  • 4 Types of NFIP Communities
  • Flood Insurance Coverage
  • Private Flood Insurance
  • Statutory Definition of Private Insurance Policy
  • Policy Declarations Page
  • Discretionary Policy Acceptance
  • Mutual Aid Societies

Subscribe to The Directors Education Series and provide your leaders with the guidance and tools needed to navigate the complexities of today's banking environment.

training features:

  • Includes Audio, Video and Powerpoint.
  • PDF Handouts
  • Discussion Questions
  • 20-25 minutes in length (Perfect to show at your monthly board meeting!)
This program is a breakout session from the Directors Education Series, which is a subscription based Library containing over 50 trainings specifically for your Board of Directors. For more information on the Directors Education Series click on or go to You can email questions to or talk with a representative by calling 1-800-831-0678.

Who Should Attend?

This program is recommended for your Executive staff including every member on your Board of Directors.

We are loving the program for our Directors. Training has now become a more regular event and the format and timing of the training is just right for the BOD. They have found the information very helpful in understanding their roles as directors.” — Maureen Daehn, CFO, Maple Bank

After 42 years in Banking and now a Director, the series enables me to continue my knowledge in this ever changing industry! You're never too old to learn, and being a Director it's our responsibility to continue to learn for the good of our organizations.” — Gerald Schmidt, Board Member, Stephenson National Bank and Trust