Kentucky Adjuster License Practice Exam

The type of insurance form that is not part of the National Flood Insurance Program (NFIP) is the Commercial Property Form. The NFIP primarily provides flood insurance for residential properties, which includes specific forms such as the Dwelling Form, General Property Form, and RCBAP (Residential Condominium Building Association Policy).

The Dwelling Form covers individual residential properties, while the General Property Form encompasses non-residential buildings and multi-family dwellings with fewer than five units. The RCBAP is tailored for condominium associations to cover shared building structures that are primarily residential.

Commercial properties, on the other hand, are typically covered under different types of insurance policies that are provided outside the NFIP framework. Such policies are designed for business-related risks rather than flood-specific coverage, making the Commercial Property Form incompatible with the NFIP’s focus on residential flood risk.