Which program is the federal-level private-insurer partner specifically associated with flood insurance?

• A. Windstorm plans
• B. FAIR
• C. NFIP
• D. TRIA

Answer: (C)

Flood insurance in the United States is provided through a federal program that partners with private insurers. That program is the National Flood Insurance Program (NFIP). FEMA sets the framework, rates, and underwriting rules, while private insurers write and service the policies under NFIP guidelines and handle claims. The federal government provides reinsurance and backstops risk through the program. This federal-private partnership is specifically tied to flood insurance, unlike the other options, which relate to different risks or structures (such as terrorism risk or windstorm arrangements) and not to flood.