Portland, OR (PRWEB) December 02, 2011
ProSchools’ Nevada Insurance CE course, Flood Insurance, is approved to meet the 3-hour Flood Insurance training required for all Nevada producers who wish to sell flood insurance policies under the Flood Insurance Reform Act of 2004, covering flood policy general rules and rating calculations, flood claims handling processes and requirements of the Flood Insurance Reform Act of 2004.
The National Flood Insurance Program, established with the passage of the National Flood Insurance Act of 1968, is a federal program enabling property owners in participating communities to purchase flood insurance as protection against flood losses. More than 21,000 communities participate in the NFIP. FEMA notes that “in 2010, the average flood policy was around $600 a year but the average total paid claim over the last five years was nearly $34,000.”
While homeowners are often caught off guard to find that their policies do not cover their flood damages, flooding is not covered under most homeowner and business multi-peril policies. In fact, federal disaster assistance will not always pay for flood damages. If residents and business property owners in high-risk areas have a mortgage from a federally-regulated or -insured lender, flood insurance is mandatory for the life of the mortgage.
Nevada Property & Casualty producers must complete a minimum of 30 continuing education credit hours during each triennial license term. The Flood Insurance course adds to ProSchools CE Insurance course offerings and is available at http://www.proschools.com with 24-hour course access and instructor assistance by email and telephone, Monday through Friday, 8am-5pm Pacific.
ProSchools Nevada Insurance Licensing Courses are certified to the high standards for distance education established by the National Association of Insurance Commissioners which represents official governmental agencies and organizations around the world that issue insurance licenses. ProSchools, a leader in online course development and training with almost 60 years experience teaching thousands of professionals, is a national education provider approved by the Department of Business & Industry - Nevada Division of Insurance, and has met the standards for offering insurance pre-license and continuing education.
Information regarding all ProSchools insurance courses can be found at http://www.proschools.com or by calling ProSchools at (800) 452-4879.