The study guide to IS 1015 Insurance Considerations, Compliance, and Requirements. Contains correct FEMA IS 1015 answers and course notes. You might be interested in our FEMA IS 1001 Answers Guide.
The course provides an overview of the role of insurance in the Public Assistance process. By the end of the course, State, Local, Tribal, and Territorial Applicants and Recipients will be able to understand most common insurance considerations, compliance, and requirements as it relates to the potential impacts of Public Assistance grant funding.
- Identify the most common types of insurance coverage.
- Explain the importance of disclosing and documenting all existing insurance policies early in the disaster recovery process.
- Summarize the process for insurance reviews, including documentation requirements, key roles, and responsibilities.
- Discuss how insurance coverages can potentially affect funding and conditions of the grant award.
- Identify where in Grants Portal insurance documents, reviews, and conditions are retained.
EXAMPLE FEMA IS 1015 QUESTIONS
Which page in Grants Portal provides General and Event Information and allows the Applicant to upload documents pertinent to the event as well as review the project details?
A. My Workflows
B. Event PA Requests Profile
C. My Projects
D. Damage Details
Since insurance market conditions sometimes prevent the ability of an Applicant to reasonably obtain and maintain insurance requirements, the Robert T. Stafford Act allows the Applicant to apply for a(n):
A. Insurance Commissioner’s Certification
B. Elevation Certificate
C. Claims Adjuster Certification
D. Insurance Waiver
Which of the following is also known as open peril and is a type of policy that covers a broad range of losses not explicitly excluded in the policy contract?
A. General “All-Perils” property insurance policy
B. Fleet insurance policy
C. Deductible buydown policy
D. Excess coverage policy
Which of the following is a formal means to manage risk through dedicated self-funding rather than through commercially available insurance?
A. Self-Insurance Plan
B. Third-Party Insurance
C. Insurance Pools
D. Blanket Policy
The ________________ is designed to address the specific needs of each eligible Applicant.
A. Recovery Transition Meeting
B. Preliminary Damage Assessment
C. Applicant Briefing
D. Recovery Scoping Meeting
Which of the following is true of the FEMA requirement to obtain and maintain insurance?
A. By law, Applicants must comply with the requirement to obtain and maintain insurance as a condition of FEMA assistance
B. The requirement to obtain and maintain insurance only pertains to damages from flooding
C. FEMA requires Applicants to obtain and maintain insurance for temporary facilities
D. FEMA does not apply the requirement to obtain and maintain insurance to buildings, contents, equipment, and vehicles
Which of the following is required documentation to support the insurance settlement review?
A. Schedule of covered locations
B. Extensions of coverage
C. Final statement of loss
D. Declaration pages
Which authority discusses the duplication of benefits, special rules, and recovery of duplicative benefits?
A. 44 Code of Federal Regulations, 206.252
B. 44 Code of Federal Regulations, 206.253
C. Stafford Act, Section 311
D. Stafford Act, Section 312
Which of the following positions has the primary role of providing technical expertise in evaluating insurance-related issues?
A. Federal Coordinating Officer
B. FEMA Insurance Specialist
C. Program Delivery Manager
D. Insurance Specialist
All of the following are reasons that the Applicant may request that FEMA modify the insurance requirement, except:
A. At the time of a previous disaster, the same property was and remains uninsured
B. The required insurance is not reasonably available
C. An alternative to the insurance requirement provides adequate protection against future loss to the property
D. The required insurance is not necessary to protect against future loss to the property
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