Definition of Federal Policy Fee

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TeachMeFinance.com - explain Federal Policy Fee



Federal Policy Fee

The term 'Federal Policy Fee' as it applies to the area of flooding can be defined as 'A flat charge that the policyholder must pay on each new or renewal policy to defray certain administrative expenses incurred in carrying out the National Flood Insurance Program'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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