MLchartDataset catalogue

Group Flood Insurance

Term · Insurance and risk management · MLC-T-INS-000109

Issued by the NFIP Direct Program in response to a Presidential disaster declaration. Disaster assistance applicants, in exchange for a modest premium, receive a minimum amount of building and/or contents coverage for a 3-year policy period. An applicant may cancel the group policy at any time and secure a regular Standard Flood Insurance Policy (SFIP) through the NFIP.

Table 1. Record
IdentifierMLC-T-INS-000109
FieldInsurance and risk management
SubjectNational Flood Insurance Program
ReferencesFloodSmart Flood Insurance Glossary; FEMA Glossary
Record as JSON 
{
  "id": "MLC-T-INS-000109",
  "term": "Group Flood Insurance",
  "field": "Insurance and risk management",
  "definition": "Issued by the NFIP Direct Program in response to a Presidential disaster declaration. Disaster assistance applicants, in exchange for a modest premium, receive a minimum amount of building and/or contents coverage for a 3-year policy period. An applicant may cancel the group policy at any time and secure a regular Standard Flood Insurance Policy (SFIP) through the NFIP.",
  "subject": "National Flood Insurance Program",
  "references": [
    "FloodSmart Flood Insurance Glossary",
    "FEMA Glossary"
  ],
  "url": "https://mlchart.com/terminology/insurance/group-flood-insurance/"
}

Record 109 of 272 in Insurance and risk management terminology (MLC-0106). Request the full dataset.