Congressional Action in 2012 Extended the National Flood Insurance Program

question 29

Multiple Choice

Congressional action in 2012 extended the National Flood Insurance Program (NFIP) until 2017. Which of the following is a key provision of the Biggert-Waters Flood Insurance Reform and Modernization Act of 2012?

• A) elimination of the waiting period for coverage to start
• B) elimination and phase-outs of several rate subsidies
• C) write-off of the multi-billion dollar deficit attributable to Hurricane Katrina claims
• D) elimination of deductibles in NFIP policies

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Definitions:

Melatonin

A hormone produced by the pineal gland that regulates sleep and wakefulness cycles.

Hormone

A chemical substance produced in the body that serves as a messenger, regulating and coordinating various physiological activities.

Consciousness

The quality or state of being aware of an external object or something within oneself.

Personal Awareness

The conscious understanding and recognition of one’s own personality, feelings, motives, and desires.