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#2215888 - 06/17/19 08:03 PM No Policy Statement
WDCA Offline
Member
Joined: Nov 2015
Posts: 85
If a policy does Not contain the statement “This policy meets the definition of private flood insurance contained in...", are we required to review the policy to verify if it actually does meet the definition of private flood insurance? Or can we deny it?

Thanks in advance!

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Flood Compliance
#2215895 - 06/17/19 08:55 PM Re: No Policy Statement WDCA
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
If it has the compliance aid statement, then you are done. If it does not, then the policy has to be analyzed. If it meets the requirements, you must accept it. If it does not, then acceptance is optional.
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#2215910 - 06/18/19 11:48 AM Re: No Policy Statement WDCA
WDCA Offline
Member
Joined: Nov 2015
Posts: 85
Thank you for clarifying this!

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