Insurance and risk management terminology · MLC-0106

Insurance and risk management terms: L (11)

• Letter of Determination Review1. FEMA's ruling on the determination made by a lender or third party that a borrower's building is in a...
• Letter of Map Amendment1. An amendment to the currently effective FEMA map which establishes that a property is not located in a...
• Letter of Map ChangeLetter of Map Change (LOMC) is a general term used to refer to the several types of revisions and amendments...
• Letter of Map Revision1. An official amendment to the currently effective FEMA map. It is issued by FEMA and changes flood zones...
• Letter of Map Revision Based on FillA Letter of Map Revision Based on Fill (LOMR-F) is FEMA's modification of the Special Flood Hazard Area...
• Loss in ProgressA loss that is already in progress as of 12:01 a.m. on the first day of the policy term; or, as to any...
• Lowest Adjacent GradeThe lowest point of the ground level immediately next to a building.
• Lowest Floor1. The lowest floor of the lowest enclosed area (including a basement). An unfinished or flood-resistant...
• Lowest Floor ElevationThe measured distance of a building's lowest floor above the National Geodetic Vertical Datum (NGVD) or other...
• Lowest Horizontal Structural MemberIn V Zones, new construction must have the elevation of the lowest horizontal structural member at or above...
• Low-Rise BuildingLow-rise condominium buildings having fewer than 5 units regardless of the number of floors or 5 or more...

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