Certified Floodplain Manager (CFM) Practice Exam

What program does the Insurance Services Office (ISO) run?

1. Community Service Program

2. Community Rating System (CRS) program

3. Federal Assistance Program

4. National Risk Assessment Program

The correct answer is: Community Rating System (CRS) program

The ISO is a company that collects and analyses data about risk and risk management for various kinds of insurance companies. The data gathered by the ISO is used to generate ratings for different types of insurance policies. These ratings are important for both insurers and their customers because they provide a measure of the risks associated with the insurance policies, and help determine fair pricing for insurance coverage. Option A, the Community Service Program, is incorrect because the ISO does not run any community service programs. Instead, they focus on analyzing risk and providing ratings for insurance policies. Option C, the Federal Assistance Program, is also incorrect. The ISO is a private company and does not receive funding from the federal government to provide assistance programs. Option D, the National Risk Assessment Program, is incorrect because the ISO does not run any national programs specifically related to risk assessment. They provide data and ratings for insurance companies, but do not run