Which of the following statements about the federal flood insurance program is true?
A) Under the write-your-own program, each insurer services the policies it writes.
B) The regular portion of the program does not allow the purchase of higher amounts of coverage than are available under the emergency portion of the program.
C) No coverage is available for property owners in areas where flooding has occurred previously.
D) The maximum amount of coverage that can be written on any single dwelling is 25,000.
Question 2
Which of the following statements about coverage under the federal flood insurance program is (are) true? I. Subsidized coverage is available for contents, but not for dwellings. II. A 10,000 deductible applies to each loss.
A) I only
B) II only
C) both I and II
D) neither I nor II
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