ANFI 205 (REF 1-2): The Purpose in Passing the National Flood Insurance Act of 1968

FEMA has traditionally identified these flood hazard areas on ___

Maps that are provided to communities for carrying out their responsibilities.

In March 2003, FEMA became part of the newly created ____.

U.S. Department of Homeland Security.

From 1968 until 1979, the NFIP was administered by the____.

U.S. Department of Housing and Urban Development.

Flood maps are also used by insurance agents/producers to determine rates and _____.

By lenders to determine purchase requirements.

When the Federal Emergency Management Agency (FEMA) was established

In 1979, administration of the NFIP was transferred to that agency.

Authorize a flood insurance program that_____.

Over time, could be made available across the country through the cooperative effort of the Federal Government and the private insurance industry.

Provide flexibility in the program so that ____.

Such flood insurance would be based on workable methods of pooling risks, minimizing costs, and distributing burdens equitably among the general public and those who would be protected by flood insurance.

Encourage state and local governments to use wisely the lands under their jurisdiction by considering ____.

The hazards of flood when rendering decisions on the future use of such land in order to minimize damage.

The NFIP is a program in which communities formally agree, as evidenced by their adoption of codes and ordinances, to regulate the use of

Their floodprone lands. In return, FEMA makes flood insurance coverage available on buildings and their contents throughout the community