Brad has had flood insurance under the National Flood Insurance Program (NFIP) on his home for the last five years. The building is rated using pre-FIRM rates. While Brad was going through some old house files, he found an Elevation Certificate (EC) for the building. Brad has submitted the EC, and it has been determined that his building sits above the Base Flood Elevation and is eligible for more favorable rates. For how many terms will the NFIP allow rating corrections based on the submitted EC? a) One term b) Two terms c) Three terms d) Four terms
