ANFI 205 Exam Prep Sample Exam with
Correct Answers – Latest Upload.
Which one of the following statements is true regarding coverage provided by
the National
Flood Insurance Program (NFIP) Dwelling Form? - Correct Answer :>>> ✔✔The
policy insures only one residential dwelling that is specifically described in the
application for insurance.
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 - Correct Answer :>>> ✔✔October 1, 1983.
Which one of the following is a goal of the Community Rating System (CRS)? -
Correct Answer :>>> ✔✔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? - Correct Answer :>>> ✔✔The Administrator
Certain Leased Federal Property must be - Correct Answer :>>> ✔✔Full-risk
rated.
Page 1 of 20
,ANFI 205 Exam Prep Sample Exam with
Correct Answers – Latest Upload.
Flood Hazard Boundary Maps are - Correct Answer :>>> ✔✔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 - Correct Answer :>>> ✔✔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? -
Correct Answer :>>> ✔✔Severe Repetitive Loss properties strategy
how many outside, rigid walls must be present to be an eligible building? -
Correct Answer :>>> ✔✔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? - Correct Answer :>>> ✔✔Solid, vertical, load-
bearing wall between units
Page 2 of 20
, ANFI 205 Exam Prep Sample Exam with
Correct Answers – Latest Upload.
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? - Correct Answer :>>> ✔✔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? - Correct Answer :>>> ✔✔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? -
Correct Answer :>>> ✔✔The current owner may assign the current policy with
written consent to the purchaser of
the insured building.
Page 3 of 20
Correct Answers – Latest Upload.
Which one of the following statements is true regarding coverage provided by
the National
Flood Insurance Program (NFIP) Dwelling Form? - Correct Answer :>>> ✔✔The
policy insures only one residential dwelling that is specifically described in the
application for insurance.
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 - Correct Answer :>>> ✔✔October 1, 1983.
Which one of the following is a goal of the Community Rating System (CRS)? -
Correct Answer :>>> ✔✔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? - Correct Answer :>>> ✔✔The Administrator
Certain Leased Federal Property must be - Correct Answer :>>> ✔✔Full-risk
rated.
Page 1 of 20
,ANFI 205 Exam Prep Sample Exam with
Correct Answers – Latest Upload.
Flood Hazard Boundary Maps are - Correct Answer :>>> ✔✔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 - Correct Answer :>>> ✔✔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? -
Correct Answer :>>> ✔✔Severe Repetitive Loss properties strategy
how many outside, rigid walls must be present to be an eligible building? -
Correct Answer :>>> ✔✔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? - Correct Answer :>>> ✔✔Solid, vertical, load-
bearing wall between units
Page 2 of 20
, ANFI 205 Exam Prep Sample Exam with
Correct Answers – Latest Upload.
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? - Correct Answer :>>> ✔✔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? - Correct Answer :>>> ✔✔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? -
Correct Answer :>>> ✔✔The current owner may assign the current policy with
written consent to the purchaser of
the insured building.
Page 3 of 20
