Arkansas Insurance Adjuster Practice Exam

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What does the Write Your Own program allow private insurers to do?

  1. Design their own policies

  2. Sell standardized NFIP policies

  3. Underwrite losses

  4. Write their own flood policies

The correct answer is: Sell standardized NFIP policies

The Write Your Own (WYO) program allows private insurers to sell standardized National Flood Insurance Program (NFIP) policies. This means that private insurers cannot design their own flood policies, underwrite losses, or sell policies that are different from the standardized NFIP policies. Private insurers can only participate in the WYO program by selling the standardized NFIP policies to their customers.

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