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5 <br /> ➢ The Community Rating System is a FEMA program administered by ISO, Implemented <br /> in 1990 <br /> ➢ Recognizing communities that administer regulations beyond minimum NFIP standards <br /> ➢ Incentive-based voluntary program <br /> ➢ 19 creditable community Activities <br /> ➢ Communities can pick and choose from these Activities <br /> ➢ Based on a 10 Class system <br /> ➢ 500 pts. per Class <br /> ➢ 5% insurance premium discount per Class <br /> 1,391 Participating Communities (map) <br /> Nationwide Classifications (graph) <br /> CRS Classifications in North Carolina (chart) <br /> CRS Savings: Class 6 <br /> ➢ 89 flood policies in force (10 in SFHA) <br /> ➢ $41,987 (annually) paid in premiums <br /> ➢ $472 average policy premium <br /> ➢ County-wide savings of$ 2,638 (annually) <br /> ➢ $ 264 per policy average (annually) <br /> ➢ $66 per policy savings over a Class 7 <br /> ➢ Community-wide savings $660 compared to Class 7 <br /> Noteworthy <br /> ➢ Approximately 12% of the Special Flood Hazard Area (SFHA) is protected as Open <br /> Space; regulations that minimize (i.e., prohibit) new development in the SFHA <br /> ➢ Higher development standards, including 2' freeboard; cumulative substantial <br /> improvements; local drainage protections <br /> ➢ Flood Data digitally available, allows better risk communication and administration of <br /> flood prone areas; established and maintain system of benchmarks <br /> ➢ Acquired and relocated 2 buildings from the community's regulatory floodplain <br /> Statewide NFIP Policy and Claims <br /> ➢ 130,167 flood policies in force <br /> ➢ $32 Billion in Total Coverage <br /> ➢ $107.7 Mil./year paid in premiums <br /> ➢ 83,302 Total Claims since 1978 <br /> ➢ $1,226,049,789 Total Paid Claims <br /> Chair Dorosin accepted the award, on behalf of the Board, from the National Flood <br /> Insurance Program Community Rating System representative, Randy Mundt. <br /> Commissioner Marcoplos asked if there is a way for people to learn that they will not <br /> have to pay as much money as they used to. <br /> Michael Harvey said there is an annual outreach effort to those properties that are <br /> encumbered by the special flood hazard overlay district, and up to date findings of fact are <br /> maintained on the County department website. He said the reduction will be automatic when a <br /> resident renews their policy. <br />