IS-1102: Theory of Elevation Rating

This study guide includes all correct answers for IS-1102: Theory of Elevation Rating Course Overview This course is to guide insurance professionals, particularly agents, through the steps to properly determine the Lowest Floor Elevation for Post-FIRM Buildings in A or V zones as shown on the FEMA Elevation Certificate. Due to BW-12 legislation and HFIAA-14, elevation certificates play a more crucial role in determining a policyholder’s premium rate. Course Objectives: Determine when an Elevation Certificate is necessary to properly rate a flood insurance policy Describe the characteristics of, and differences between an A Zone and a V Zone List the steps for accurately identifying the lowest floor in a building for rating purposes using the Elevation Certificate Follow the basic steps for elevation rating Determine when a building should be considered a “submit for rate” Determine the lowest floor for rating for several types of non-elevated buildings using Elevation Certificate