As the new rules for the mandatory purchase of private flood insurance go into effect on Monday, July 1, 2019, we are offering one final sale on our training program on these new rules. This program is discounted at $30 off the regular price through the end of Today, June 28, 2019. This short (45 minute) Compliance Class is an efficient way to get up-to-speed on the new interagency rules for Private Flood Insurance that must be followed, starting on Monday, July 1, 2019. While the final rule is fairly short in length, there are some complexities that applicable financial institutions should be aware of. For example, if the “compliance aid” is not present, financial institutions must conduct a review of each private flood insurance policy to determine if it meets the definition of “private flood insurance,” and if it does, the policy must be accepted. As compliance with the rule is required by 7/1/19, this is your last chance to take action (if you haven’t done so already) to be prepared for the upcoming implementation date.
The course curriculum for our Private Flood Insurance class can be found at https://www.compliancecohort.com/video-webinar-private-flood-insurance-2019-final-rule.