Well, it depends on what your real question is. If your question is "Will I have a flood violation if I don't force coverage by Friday, even if the sale is scheduled to close on the following Monday?", then I agree with Randy's "Yes". But if your question is "Can we live with the risk of non-placement on Friday with a sale scheduled to close on the following Monday, my question to question in response would be, "What's your risk tolerance?" Are you taking a risk in not forcing the coverage? Yes, absolutely. You have both a risk of a flood event that would damage the property without adequate coverage and you have the risk of a regulatory violation that could include civil money penalties. If management is comfortable with accepting those risks in order to not place the coverage, then it's certainly within their ability to do that.
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Jim Bedsole, CRCM, CBA, CFSA, CAFP
My posts - my opinions