Insurance and risk management terminology · MLC-0106
Insurance and risk management terms: C (26)
- cancellationThe termination of the insurance coverage provided by a policy before the expiration date.
- CertificationsCertain activities (e.g., floodproofing design, V-Zone construction design, survey of building elevations...
- ChannelizationSee Alteration of a Watercourse.
- CisternCovered cisterns and the water in them are defined as an integral part of an insurable building, meaning...
- Closed Basin LakeA natural lake from which water leaves primarily through evaporation and whose surface area exceeds or has...
- Coastal BarrierA naturally occurring island, sandbar or other strip of land, including coastal mainland, that protects the...
- Coastal Barrier Improvement Act of 1990Enacted on November 16, 1990, the Act greatly expanded the identified land in the Coastal Barrier Resources...
- Coastal Barrier Resources Act of 1982For the purposes of the NFIP, the CBRA of 1982 designated certain portions of the Gulf and East Coasts as...
- Coastal Barrier Resources System1. Communities, coastal barriers and Otherwise Protected Areas (OPAs) identified by legislation defined above.
- Coastal High Hazard AreasSpecial Flood Hazard Areas (SFHAs) along the coasts that have additional hazards due to wind and wave action...
- CoinsuranceA penalty imposed on the loss payment unless the amount of insurance carried on the damaged building is at...
- Community1. A political entity that has the authority to adopt and enforce floodplain ordinances for the area under...
- Community Assistance VisitA major component of the National Flood Insurance Program's (NFIP's) Community Assistance Program (CAP). The...
- Community Compliance ProgramThe National Flood Insurance Act of 1968 prohibits the Federal Emergency Management Agency (FEMA) from...
- Community NumberA 6-digit designation identifying each NFIP community. The first 2 numbers are the state code. The next 4 are...
- Community Rating SystemA program developed by FEMA to provide incentives for those communities in the Regular Program that have gone...
- Compensatory StorageThe NFIP floodway standard in 44CFR 60.3 (d) restricts new development from obstructing the flow of water and...
- Conditional Letter of Map RevisionFEMA's comment on a proposed project that would, upon construction, affect the hydrologic or hydraulic...
- Condominium Association1. The entity made up of the unit owners responsible for the maintenance and operation of the following: •...
- Condominium BuildingA type of building in the form of ownership in which each unit owner has an undivided interest in common...
- Contract AgentAn employee of a Write Your Own (WYO) Company or an agent/producer under written contract with a WYO Company...
- Countywide MapA Flood Insurance Rate Map (FIRM) that shows flooding information for the entire geographic area of a county...
- Crawlspace1. An under-floor space that has its interior floor area (finished or not) no more than 5 feet below the top...
- Critical FacilityFor some activities and facilities, even a slight chance of flooding is too great a threat. Typical critical...
- Cumulative Damage BuildingAny building that has incurred flood-related damage as a result of two or more flooding events in which the...
- Cumulative Damage PropertyEither a cumulative damage building or the contents within a cumulative damage building, or both.
26 of 272 terms in Insurance and risk management terminology (MLC-0106). Request the full dataset.