Force-Placed Flood Insurance: Timing, Monitoring & Documenting

May 12, 2025
Live Webinar:
DateMay 12, 2025Duration90 minutes
12:00 PM PDT01:00 PM MDT
02:00 PM CDT03:00 PM EDT
  • Unlimited connections for your institution
  • Available on desktop, mobile & tablet
  • Take-away toolkit
  • Presenter’s contact info for questions
On-Demand Webinar:
  • 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
See Registration Options

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.

Presented By

Dawn KinkaidDawn Kincaid
Brode Consulting Services, Inc.
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