Events Calendar

Webinar: Updated Flood Insurance Exam Procedures, Including Recent Private Flood Insurance Rules
Tuesday, December 17, 2019, 03:00pm - 04:30pm

Examiners have recently updated flood examination procedures. Have your policies, procedures, training, and monitoring kept pace?

The effective date of accepting private flood policies is now in the rear-view mirror. It’s imperative that your institution has addressed the requirement to accept private flood insurance and has defined the processes used to evaluate private flood insurance policies. Examiners have recently updated their flood examination procedures – have your institution’s policies, procedures, training, and monitoring activities kept pace? This webinar will review the updated examination procedures to ensure your institution has taken reasonable actions to successfully pass your next flood insurance examination.

HIGHLIGHTS

  • Meet expectations for an effective flood insurance compliance management system
  • Comprehend the new exam procedures and how to best document compliance
  • Employ tips for managing your private flood insurance portfolio
  • Determine expectations for policies and procedures in the interagency exam procedures
  • Discuss monitoring activities to self-identify and correct program deficiencies prior to the next exam
  • Handle plans issued by a mutual aid society
  • Understand what constitutes an effective flood training program
  • Benefit from lessons learned from recent flood penalties
  • Effectively communicate revised policies and procedures
  • TAKE-AWAY TOOLKIT
    • List of suggested flood insurance policies and procedures
    • Customizable sample procedures
    • Checklist to evaluate FDPA policies and procedures
    • Sample flood policy
    • Employee training log
    • Interactive quiz

WHO SHOULD ATTEND?

This informative session is designed for loan operations staff, compliance officers, auditors, and anyone responsible for ensuring FDPA compliance.

SPEAKER:  Molly Stull, Brode Consulting Services, Inc.

Molly Stull began her career as a teller while working on her undergraduate degree and has continued working in the financial industry ever since. She has experienced the growth of a hometown bank, acquisitions of branches, mergers, charter changes, name changes, etc. Molly has activated business resumption plans, performed secondary market quality control reviews, processed wires, filed SARs, and coordinated reviews with external auditors and examiners. Her favorite role has always been educating staff and strongly believes that if staff understands the reason for a process they will be more compelled to follow the procedures. Molly holds a Bachelor’s from the University of Akron and an MBA from Ashland University.