ANFI 205 COMPREHENSIVE EXAM QUESTIONS AND
ANSWERS GUARANTEE A+
✔✔Eligibility under the 1982 Act for a building in a Coastal Barrier Resources System
(CBRS) area
requires that a legally valid building permit for the construction of the building was
issued prior
to - ✔✔October 1, 1983.
✔✔Which one of the following is a goal of the Community Rating System (CRS)? -
✔✔Reduce flood damages to insurable property
✔✔In order to charge actuarial rates, who determines if property leased from the
Federal
Government is located on the river-facing side of any dike, levee, or other riverine flood
control
structure? - ✔✔The Administrator
✔✔Certain Leased Federal Property must be - ✔✔Full-risk rated.
✔✔Flood Hazard Boundary Maps are - ✔✔Generally used for Emergency Program
communities.
✔✔A Letter of Map Amendment (LOMA) is a determination made by the Federal
Emergency
Management Agency (FEMA) for a property and/or building as to whether it is located
within the - ✔✔Special Flood Hazard Area.
✔✔Which one of the following program's primary objective is to eliminate or reduce the
damage to
residential property and the disruption to life caused by repeated flooding? - ✔✔Severe
Repetitive Loss properties strategy
✔✔how many outside, rigid walls must be present to be an eligible building? - ✔✔2 or
more
✔✔Martha owns an old Victorian house that has been modified into two separate
residences.
Martha resides in the unit on the left and she rents out the unit on the right. Each unit
has its
own entrance and utilities. Which one of the following must be present for Martha to be
able to
insure each unit separately? - ✔✔Solid, vertical, load-bearing wall between units
, ✔✔Anthony owns a restaurant that sits entirely over water. The building was built in
1977 and has
been covered by flood insurance for the last 20 years. Anthony is completely renovating
the
building. An addition is being added and the interior is being completely upgraded. Once
completed, the building will be considered substantially improved. How will the flood
insurance
policy for this building change? - ✔✔Building will be ineligible for flood insurance.
✔✔April runs a business out of her home. She has a small office set up for her
business. Her office
contains the office equipment, office supplies, and stock that she needs to run her
business.
April has decided to purchase flood insurance and has been advised that her business
contents
must be insured separately under which one of the following Standard Flood Insurance
Policy
forms? - ✔✔General Property Form
✔✔An individual is selling a single-family dwelling and there is a flood insurance policy
currently
covering the building. Which one of the following statements is most accurate? - ✔✔The
current owner may assign the current policy with written consent to the purchaser of
the insured building.
✔✔At the time flood insurance coverage was applied for, a building was located in Zone
A99. A
new map designated the zone as AE. The policy may continue to be rated using Zone
A99
rates on the old map as long as - ✔✔There is no interruption in coverage.
✔✔Todd has a Post-FIRM elevated building on a crawlspace located in an AE flood
zone. The
building has an attached garage. The garage floor is at the same elevation as the
crawlspace.
What is the lowest floor for rating purposes if the only area that has proper openings is
the
crawlspace? - ✔✔The top of the garage floor
✔✔A client is purchasing a commercial building. It is financed through a federally
regulated and
insured lender that is requiring flood insurance. It is a Post-FIRM building located in
flood zone
AE. An Elevation Certificate is required but cannot be purchased in time for property
closing.
ANSWERS GUARANTEE A+
✔✔Eligibility under the 1982 Act for a building in a Coastal Barrier Resources System
(CBRS) area
requires that a legally valid building permit for the construction of the building was
issued prior
to - ✔✔October 1, 1983.
✔✔Which one of the following is a goal of the Community Rating System (CRS)? -
✔✔Reduce flood damages to insurable property
✔✔In order to charge actuarial rates, who determines if property leased from the
Federal
Government is located on the river-facing side of any dike, levee, or other riverine flood
control
structure? - ✔✔The Administrator
✔✔Certain Leased Federal Property must be - ✔✔Full-risk rated.
✔✔Flood Hazard Boundary Maps are - ✔✔Generally used for Emergency Program
communities.
✔✔A Letter of Map Amendment (LOMA) is a determination made by the Federal
Emergency
Management Agency (FEMA) for a property and/or building as to whether it is located
within the - ✔✔Special Flood Hazard Area.
✔✔Which one of the following program's primary objective is to eliminate or reduce the
damage to
residential property and the disruption to life caused by repeated flooding? - ✔✔Severe
Repetitive Loss properties strategy
✔✔how many outside, rigid walls must be present to be an eligible building? - ✔✔2 or
more
✔✔Martha owns an old Victorian house that has been modified into two separate
residences.
Martha resides in the unit on the left and she rents out the unit on the right. Each unit
has its
own entrance and utilities. Which one of the following must be present for Martha to be
able to
insure each unit separately? - ✔✔Solid, vertical, load-bearing wall between units
, ✔✔Anthony owns a restaurant that sits entirely over water. The building was built in
1977 and has
been covered by flood insurance for the last 20 years. Anthony is completely renovating
the
building. An addition is being added and the interior is being completely upgraded. Once
completed, the building will be considered substantially improved. How will the flood
insurance
policy for this building change? - ✔✔Building will be ineligible for flood insurance.
✔✔April runs a business out of her home. She has a small office set up for her
business. Her office
contains the office equipment, office supplies, and stock that she needs to run her
business.
April has decided to purchase flood insurance and has been advised that her business
contents
must be insured separately under which one of the following Standard Flood Insurance
Policy
forms? - ✔✔General Property Form
✔✔An individual is selling a single-family dwelling and there is a flood insurance policy
currently
covering the building. Which one of the following statements is most accurate? - ✔✔The
current owner may assign the current policy with written consent to the purchaser of
the insured building.
✔✔At the time flood insurance coverage was applied for, a building was located in Zone
A99. A
new map designated the zone as AE. The policy may continue to be rated using Zone
A99
rates on the old map as long as - ✔✔There is no interruption in coverage.
✔✔Todd has a Post-FIRM elevated building on a crawlspace located in an AE flood
zone. The
building has an attached garage. The garage floor is at the same elevation as the
crawlspace.
What is the lowest floor for rating purposes if the only area that has proper openings is
the
crawlspace? - ✔✔The top of the garage floor
✔✔A client is purchasing a commercial building. It is financed through a federally
regulated and
insured lender that is requiring flood insurance. It is a Post-FIRM building located in
flood zone
AE. An Elevation Certificate is required but cannot be purchased in time for property
closing.
