Insurance and risk management terminology · MLC-0106
Insurance and risk management terms: N (15)
- National Flood Insurance Program1. The program of flood insurance coverage and floodplain management administered under the Act and...
- National Geodetic Vertical Datum (NGVD) of 1929National standard reference datum for elevations, formerly referred to as Mean Sea Level (MSL) of 1929. NGVD...
- Natural GradeThe grade unaffected by construction techniques such as fill, landscaping or berming.
- New Construction1. Buildings for which the "start of construction" commenced on or after the effective date of an initial...
- Newly Mapped (A Property Newly Mapped into the SFHA)A property that was once designated outside of the Special Flood Hazard Area (SFHA) on an effective Flood...
- NFIP Bureau and Statistical AgentA corporation, partnership, association or any other organized entity that contracts with FEMA to be the...
- NFIP Servicing AgentA corporation, partnership, association or any other organized entity that contracts with FEMA to service...
- NFIP Special Direct Facility (SDF)Formed in 2000, a branch of the NFIP Servicing Agent to which Write Your Own (WYO) Companies transfer...
- Non-Primary ResidenceA residential building that is not the primary residence of the policyholder.
- Non-Primary Residential PropertyEither a nonprimary residence or the contents within a non-primary residence, or both.
- Non-Residential BuildingA commercial or mixed-use building where the primary use is commercial or non-habitational.
- Non-Residential PropertyEither a non-residential building, the contents within a non-residential building, or both.
- No-Rise Certification for FloodwaysAny project in a floodway must be reviewed to determine if the project will increase flood heights. An...
- North American Vertical Datum (NAVD) of 1988The vertical control datum established for vertical control surveying in the Unites States of America based...
- NullificationThe act of declaring an insurance contract invalid from its inception so that, from a legal standpoint, the...
15 of 272 terms in Insurance and risk management terminology (MLC-0106). Request the full dataset.