Force-Placed Flood Insurance: Timing, Monitoring & Documenting

Collections Compliance Lending Operations

On-Demand Webinar:

StreamedMay 12, 2025Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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Do you understand the multitude of details surrounding force-placed flood insurance?

They include placement timing requirements, proper notices, calculating the amount of insurance (or refunds), documentation, reading FEMA maps, and more. Examiners are increasingly citing flood violations, so it’s imperative that handling these issues becomes second nature. Join this webinar to learn best practices and get a bevy of useful tools.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Explain force-placement timing requirements
Properly prepare a notice of underinsured or uninsured flood insurance coverage
Realize the amount of force-placed flood insurance is dependent on how the borrower will be charged for the premium and the loan contract
Identify documentation necessary to demonstrate evidence of flood insurance coverage in connection with a lender’s refund of force-placed premiums
Calculate the refunds for duplicate flood insurance coverage
Recognize examiner-identified force-placement exceptions
Explain the action steps required when a FEMA map changes a loan into a SFHA

WEBINAR DETAILS

Examiner-cited flood violations are increasing. Issues most often arise when flood coverage lapses, and a financial institution is required to force-place coverage. This session will address best practices for monitoring and ensuring your portfolio has proper flood insurance coverage in place. It will detail when the required borrower notices must be sent, when to place coverage, and when and how the borrower can be charged for force-placed insurance. This webinar will dive deep into the flood rules and FAQs.

WHO SHOULD ATTEND?

This informative session is designed for loan operations personnel, compliance officers, and anyone responsible for tracking and placing flood insurance at your institution.

TAKE-AWAY TOOLKIT

Sample force-placed flood insurance procedures
Sample notice of insufficient flood insurance coverage
Force-placement transactional review checklist
Flood insurance tracking log
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.