All of the following statements about the federal flood insurance program are true EXCEPT
A) Under the write-your-own program,each insurer services the policies it writes.
B) The regular portion of the program allows the purchase of higher amounts of coverage than are available under the emergency portion of the program.
C) The program is designed to be financially self-supporting for the average historical loss year.
D) The maximum amount of coverage that can be written on any single dwelling is $25,000.
Correct Answer:
Verified
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