Is monitoring flood insurance deductibles a bank's responsibility? Is it also the banks compliance area to monitor this or to monitor to ensure there is coverage when the property is in a flood zone and the proper amount of flood insurance is on the property?

Deductibles are a safety and soundness issue and not one of compliance.

Proper deductibles are a credit risk decision. Who tracks after that initial decision is made is up to the bank.

Regarding determining adequate coverage and monitoring, that is a bank process decision.

Welcome, Terri, as a poster on Bankers' Threads!