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Good Afternoon,
We have a few flood polices that are listed as “Newly Mapped to SFHA” on the flood policy. The policy Flood Risk/Rated Zone is “X” and the Current Zone is “AE” (matches our determination). External auditors told us this is incorrect because both sections of the policy don’t say “AE”. I can’t find anything that says how the Flood Policy Declarations should be completed. It make sense to me that the rated zone would say X since they are probably receiving a discount for being “Newly Mapped”. Any insight is greatly appreciated.
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