CE 300 FINAL EXAM 73. Which one of the following statements is true concerning I

Question

CE 300 FINAL EXAM 73. Which one of the following statements is true concerning Increased Cost of Compliance (ICC)? a. b. After substantial damage by fire, you can use ICC to bring your home into NFIP compliance You make an ICC claim in which you estimate the cost of $24,000 to elevate your flood home. FEMA will give you the maximum $30,000 from the ICC claim to elevate your to repair some of the damage. damaged c ICC claims must be accompanied by a substantial damage by flood determination by the local floodplain administrator Not all NFIP policies have ICC coverage. d. 74. Which of the following allows the NFIP to deny flood insurance to a property for non-compliance? a. Section 1316 of the National Flood Insurance Act b. Executive Order 11988 c. Disaster Mitigation Act of 2000 d. Stafford Act 75. Who can certify a no rise? b. c. d. e. Licensed architect Professional Engineer Professional land surveyor Licensed architect or engineer Licensed engineer or surveyor 76. A property covered by an NFIP flood insurance policy was flooded in 2004 and again in 2015. A$4,000 claim was paid in 2004 and a $10,000 claim was paid in 2015. Which of the following is true? a. This property is neither a repetitive loss nor a severe repetitive loss property b. This is a repetitive loss property, but not a severe repetitive loss property c. This is both a repetitive loss and a severe repetitive loss property d. The cost of flood insurance premium for this property will increase after the second claim. 77. A flood zone with possible, but undetermined risk a. A99 b. AR d. C e. D 78. Which of the following pieces of legislation created the Unified National Program for Floodplain Management? a. National Flood Insurance Act of 1968 b. Flood Disaster Protection Act of 1973 c. Coastal Barriers Resources Act of 1982 d. Stafford Act of 1988 e. Coastal Barrier Improvement Act of 1990 f. National Flood Insurance Reform Act of 1994 E. Disaster Mitigation Act of 2000 h. Flood Insurance Reform Act of 2004 i. Bigsert-Waters Act of 2012

Explanation / Answer

73) (b)

74) (a) section 1316 of the national flood insurence act

75) (d) licensed architech or engineer

76) (d) the cost of flood insurence premium for this property will increase after second claim

77) (e) D . the zone D designated is used for areas where there are possible but undetermined hazards

78) (h) flood insurence reform act of 2004

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