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Flood insurance compliance involves a range of regulatory requirements that financial institutions must understand and follow. Board of Directors do not need to become flood compliance experts, but they do need enough knowledge to provide effective oversight, understand their institution’s responsibilities, and fulfill their fiduciary duties.
Flood insurance compliance can be a complex area, with requirements covering flood determinations, mandatory insurance, exemptions, notices, escrow, force placement, policy acceptance, recordkeeping, and more. For Directors, however, the challenge is not learning every regulatory detail. They need to understand the big picture—what their institution is required to do, what regulators expect, where compliance risks may arise, and what they can do to help ensure those risks are properly managed.
Traditional compliance training can be too detailed and time-consuming for a busy Board of Directors. Directors need training that is comprehensive enough to meet regulatory expectations while remaining focused, practical, and easy to understand. They need an executive-summary approach that cuts through the regulatory details and highlights the information that matters most to them.
Our Flood Compliance Training for Board of Directors program was specifically designed with these needs in mind. Rather than taking Directors through the regulatory weeds, this program provides a high-level, bottom-line overview of flood compliance requirements and focuses on what Directors need to know to effectively oversee their institution’s flood compliance program and fulfill their fiduciary responsibilities.
Key features of our program include:
Board-Focused Content: This is not compliance officer training. The program is specifically structured for Directors and senior management, focusing on the high-level concepts, responsibilities, and risks they need to understand.
Executive-Summary Approach: We focus on the big picture rather than overwhelming Directors with regulatory details. The training explains what financial institutions are expected to do and why those requirements matter from a Board oversight perspective.
Key Flood Compliance Responsibilities: The program provides an overview of the institution’s primary flood compliance responsibilities and what regulators expect financial institutions to have in place.
Fiduciary Responsibility: The training concludes by addressing what Directors can do to fulfill their fiduciary responsibilities when it comes to flood compliance oversight.
Risk Mitigation Strategies: Directors are provided with practical strategies they can consider to help their institutions identify and mitigate flood compliance risks.
Approximately 30 Minutes: We designed this program to be as concise as possible while still providing a meaningful overview of the key flood compliance requirements. The training is approximately 30 minutes—providing an effective way to train your Directors without requiring them to sit through a lengthy compliance seminar.
Convenient Virtual Delivery: The program is presented by an experienced instructor in a virtual classroom format, allowing your Directors to complete the training without the time and expense associated with in-person training or travel.
The goal of this program is simple: give Directors the flood compliance knowledge they need without giving them more information than they need. By focusing on the bottom line, this training helps Directors understand their institution’s responsibilities, recognize the importance of effective flood compliance oversight, and better fulfill their fiduciary duties.
Our Flood Compliance Training for Board of Directors program provides an efficient and practical way to meet your Board training needs while respecting your Directors’ time.
NOTE: There are multiple ways for us to deliver this video program to your directors - including an option for a private portal for your directors to easily access - so let us know if you have questions.
Regular Price: $399
Demo Available: If you would like to preview this class before you purchase it to make sure it's what you are looking for, just let us know and we can set you up with demo access.
This Board of Directors training is a comprehensive but quick and to-the-point on-demand program designed to assist in training your board on this compliance topic. The program includes an on-demand video (with a download option), a comprehensive manual, and presentation slides (Powerpoint) that can all be used for training the Board of Directors. The program actually provides three options to present the training to the Board:
Private Portal. First, we can set your organization up with a private link for your directors to log in individually and stream it from their own location - just email us for more info on this option.
Downloaded Video. Second, financial institutions can play our pre-recorded video during a Board meeting. This can be accomplished by either playing our on-demand video (streaming from our site) or by downloading the full MP4 file and playing it from your own computer (recommended).
Training Material for Employee Deliver. Lastly, financial institutions can utilize our comprehensive training manual and slides in order to have a bank employee provide the board training in person. If this option is chosen, the trainer can use our video as a guide of what their training could be like.
Understanding that Directors need an efficient and high-level overview for any type of training, this program is designed to provide comprehensive training for the Board of Directors in under 30 minutes.
NOTE: If you would like to sample this program before purchasing it, just let us know and we can work something out.
The class provides the Board of Directors with executive training on flood compliance and risk mitigation strategies. Due to time constraints of the program and perceived applicability to attendees, some topics will be reviewed in greater detail than others.
Introduction
Navigating the flood challenge
Why flood insurance matters
The Lender’s Role
Penalties and Liabilities
Key Flood Compliance Requirements
Basic Requirements
Flood Determinations
Flood Notice
Participating & Nonparticipating Communities
Escrow
Force Placement
Risk Mitigation Strategies
This Compliance Class can be completed without leaving your office and provides you with everything you need to know about this compliance topic.
The class includes the following:
A comprehensive manual
A “virtual classroom” instructional video
60-day access to the class
All of our Compliance Classes are presented in our virtual classroom approach. This approach is designed to bring the presenter to you (at a fraction of the cost of having a live person) and includes a video of the presenter in front of a slide presentation that replicates a typical seminar environment. In addition, our presenters take a three-part approach to compliance instruction: to educate, to empower, and to entertain. This is achieved by focusing on relevant topics, speaking in simple to understand, layman's terms, and by keeping it light and humorous whenever possible. We have found that this "3-E" approach allow students to learn as quickly and effectively as possible. And, it adds a little bit of fun to an otherwise dreadful topic.
When you purchase this compliance class, you get instant access to the online version of this class for 60 days. You will also receive an electronic version of the accompanying manual to keep.
We believe in our training products so much that we are offering a 100% money back guarantee within the first 10 business days after purchase. If you do not feel that you received the value promised for this training session, contact us within the first 10 business days after purchase and we will either make things right or provide 100% of the purchase price back to you.
