#1529518 - 03/31/1111:56 AMNon-Participating Community
I have a loan that is located in a flood hazard area and the community does not participate in the NFIP, can you require flood insurance on the property?
The customer purchased a flood policy and paid the full premium. The insurance company has rejected the policy for several different reasons. First they needed an elevation certificate. We provided that to them. Then we were notified that the community chose not to participate in the NFIP back in December 2010 and they could not write the policy and the customer would NOT be able to purchase a flood policy on the property.
What do I need to do to insure we are in compliance?