What is the Definition of Federal Insurance Administration/Fia?

What is the Definition of Federal Insurance Administration/Fia?

Federal agency in charge of administering the National Flood Insurance Program. It does not regulate the insurance industry.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Federal Insurance Administration/Fia?

What is the Definition of Federal Insurance Administration/Fia?

You can find random definition and meaning of insurance terms below:


Meaning of Reserves in Insurance Terms

A company’s best estimate of what it will pay for claims.


Meaning of Renewable Term Insurance Policy in Insurance Terms

A term life insurance policy that gives the policy owner the option to continue the coverage at the end of the specified term without presenting evidence of insurability, although typically at a higher premium based on the insured’s attained age.


Meaning of Renters Insurance in Insurance Terms

A form of insurance that covers a policyholder’s belongings against perils such as fire, theft, windstorm, hail, explosion, vandalism, riots, and others. It also provides personal liability coverage for damage the policyholder or dependents cause to third parties. It also provides additional living expenses, known as loss-of-use coverage, if a policyholder must move while his or her dwelling is repaired. It also can include coverage for property improvements. Possessions can be covered for their replacement cost or for their actual cash value, which includes depreciation.


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