Part II: Flood Insurance: Requirements and Best Practices - 2016

Recorded on August 23, 2016   |   With David Dickinson and Jerod Moyer

Part II: Flood Insurance: Requirements and Best Practices - 2016

With David Dickinson and Jerod Moyer
  • 1 Video
  • 2 PDFs
  • 1 Download
  • 2.0 hrs
Course description

ICB Credit: 2.5 CRCM

- A Two-Part Companion Webinar Series (To include ALL 2014 Homeowner Flood Insurance Affordability Act updates spread over both sessions)

Flood insurance requirements must be taken seriously and cannot be ignored. Banks must take a proactive approach to ensure they stay out of trouble. While the total penalty assessed to a bank may seem small, there is also a huge reputational and civil liability risk that goes along with flood insurance violations.

In October 2011, the Agencies finalized their Interagency Questions and Answers Regarding Flood Insurance. This release attempted to bring a more definitive approach to calculating insurable value, which honestly has been one of the hardest requirements for banks. In July 2012 Congress passed the Biggert-Waters Act and then in March 2014 the Homeowner Affordability Act. Much confusion has surrounded these new laws. This webinar will thoroughly cover this guidance regarding insurable value, the Biggert-Waters Act and Homeowner Affordability Act requirements.

Join BOL Gurus David Dickinson (CRCM) and Jerod Moyer (CRCM) in a two part webinar series as they provide guidance for implementing the mandatory purchase provisions. Each webinar will bring uniformity and understanding of the requirements of the law and will be packed with insight to manage the daily challenges banks face when they make, increase, renew or extend a loan.

This is truly four hours of training broken into two complementary companion webinars without duplication. Part I is not a "basics" session and Part II is not "advanced". To achieve a full understanding of the flood insurance rules and requirements participants are encouraged to register for both webinars.

"Flood Insurance: Requirements and Best Practices, Part II" is the second installment of the two-part companion flood insurance webinar series.

Part II covers:

  • Required Amounts
  • Deductibles
  • Multiple Buildings
  • Subsequent Liens
  • Construction Loans
  • Content Insurance
  • Private/Gap Insurance
  • Grandfathering
  • Condominiums
  • Monitoring
  • Escrows?
  • Map Changes?
  • Secondary Market?
  • Resolving Flood Zone Discrepancies
  • Documenting Insurance?
  • Force Placement


This information will be useful for management, loan officers, loan operations personnel and compliance officers.

Course Curriculum

Part II: Flood Insurance: Requirements and Best Practices
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David Dickinson and  Jerod Moyer
David Dickinson and Jerod Moyer

David’s banking career began as a field examiner for the FDIC in 1990. He later became a Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consulting. Along with his amazingly talented Team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker’s Compliance Consulting produces.

He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transforms the usually tiring topic of compliance into an enjoyable educational experience. David is on the faculty of the Center for Financial Training, the American Bankers Association National Compliance Schools and is a frequent speaker at the ABA’s Regulatory Compliance Conference. David is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM) and has been a BankersOnline Guru for many years. The American Bankers Association honored David with their Distinguished Service Award in 2016.

David and his wife Karen have 3 adult children (none of whom live at home!) & 3 cats (which Dave is allergic to). They live on a lake in Nebraska and when possible, Dave can be found fishing or in the water. David plays the guitar & piano and enjoys singing with Karen. Together they lead worship at their church.

Jerod is the leader of Banker's Compliance Consulting's seminar and training productions. His background includes over 16 years in the regulatory compliance field. He is an accomplished teacher and conducts various compliance seminars and webinars for Banker's Compliance Consulting. Jerod has also been a speaker for the American Bankers Association and BankersOnline; many state banking associations and schools, as well as, various webinars.

Jerod is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru.