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TeachMeFinance.com - explain Increased Cost of Compliance (ICC) Increased Cost of Compliance (ICC) The term 'Increased Cost of Compliance (ICC)' as it applies to the area of flooding can be defined as 'Coverage for expenses a property owner must incur, above and beyond the cost to repair the physical damage the structure actually sustained from a flooding event, to comply with mitigation requirements of state or local floodplain management ordinances or laws. Acceptable mitigation measures are elevation, flood-proofing, relocation, demolition, or any combination thereof. '. Previous 5 Terms: Income Protection (IP) Income Rate Income support income tax INCR Next 5 Terms: increment borer Incremental effects Incremental energy costs Incremental loss of life Incurred Basis About the author 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". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.