Deductibles (NFIP minimum deductibles)

What this document is

44 C.F.R. s. 61.5 - Deductibles (NFIP minimum deductibles) is a regulation published by Federal Emergency Management Agency; Office of the Federal Register / National Archives (eCFR). It is one of the documents that insurance license exam questions are written from, including property & casualty, personal lines, claims adjuster practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• 44 C.F.R. § 61.5(a) through (c) (Deductibles)

  “(a) The minimum deductible for policies covering pre-FIRM buildings charged less than full-risk rates with building coverage amounts less than or equal to $100,000 is $1,500. (b) The minimum deductible for policies covering pre-FIRM buildings charged less than full-risk rates with building coverage...”

• 44 C.F.R. § 61.5 (Deductibles) (introductory text)

  “FEMA must provide policyholders with deductible options in various amounts, up to and including $10,000, subject to the following minimum deductible amounts:”

• 44 C.F.R. § 61.5(b) (Deductibles)

  “(b) The minimum deductible for policies covering pre-FIRM buildings charged less than full-risk rates with building coverage amounts greater than $100,000 is $2,000.”

• 44 C.F.R. § 61.5(d) (Deductibles)

  “(d) The minimum deductible for policies covering post-FIRM buildings and pre-FIRM buildings charged full risk rates, with building coverage amounts greater than $100,000 is $1,250.”

• 44 C.F.R. § 61.5(c) (Deductibles)

  “(c) The minimum deductible for policies covering post-FIRM buildings and pre-FIRM buildings charged full risk rates, with building coverage amounts equal to or less than $100,000 is $1,000.”

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• Portability of Health Coverage (HIPAA) - U.S. Department of LaborReference
• Fair Credit Reporting Act - 15 U.S.C. § 1681a (Definitions)State statute
• 15 U.S.C. s. 1681b: FCRA permissible purposes of consumer reportsState statute
• 15 U.S.C. s. 1681c: FCRA requirements relating to obsolete information in consumer reportsState statute