Revised Flood Waiver Form
אוגוסט 01, 2019
The Florida Office of Insurance Regulation (OIR) has approved revisions to Citizens’ flood waiver form, which has been renamed and revised to better express flood insurance responsibilities of the applicant or policyholder. The revised form has been renamed Policyholder Affirmation Regarding Flood Insurance [CIT FW01 (10 19)] and is for new-business and renewal policies effective on and after October 1, 2019. Citizens no longer will accept the old form (Election Not to Buy Separate Flood Insurance) after that date.
The applicant/policyholder must initial one of the following statements:
- I elect not to purchase flood coverage.
- I have purchased flood coverage, but that coverage does not meet the minimum coverage limits established by Citizens’ underwriting guidelines.
The applicant/policyholder must initial each of the following statements:
- I affirm that I will be responsible for any flood losses not covered by a separate flood insurance policy and that my Citizens policy does not cover flood.
- I acknowledge that this election shall apply to this policy, all future renewals of this policy and any replacement policy issued to me by Citizens. I understand that execution of this form does NOT relieve me of any obligation I may have to my mortgage company to purchase flood insurance.
- I affirm that I will have the burden of proving that any damage to my property reported as a water damage claim to Citizens is not caused by the peril of flood.
For new-business and renewal policies effective on or after October 1, 2019, PolicyCenter® will be updated:
The question Is there a Flood Policy in effect includes a Flood Affirmation Completed option in the drop-down list.
Policyholder Affirmation Regarding Flood Insurance is a required document when the Flood Affirmation Completed option is chosen.
- The revised form is available on the Agents website in the Submission section for all policy form types.
- The old form will be removed from the website on October 1, 2019.
- When an agent submits a policy change for a renewal policy on or after October 1, 2019, the question Is there a Flood Policy in effect in PolicyCenter will include Flood Waiver Completed and Flood Affirmation Completed as drop-down menu answer options. Agents can submit the revised form, but it is not required. When adding an additional location to an existing policy, however, the revised form will be required for the new location.
The following resources have been updated to reflect the revised form:
- The underwriting guidelines and Required Document Guides for each policy form type in the Commercial section of the Agents website
Agent Bulletins are provided for historical purposes only and have not been updated to include any changes that may have been made after publication. Agents can find the latest information by reviewing the applicable underwriting manuals and by logging in, then selecting Search → Search Frequently Asked Questions.