Certified Floodplain Manager (CFM) Practice Exam 2025 – Complete Preparation Guide

Question: 1 / 400

What does PRP stand for in insurance terms?

Premium Risk Provision

Preferred Risk Policy

PRP stands for Preferred Risk Policy in insurance terms. This is a type of insurance policy that offers coverage to individuals who are considered less likely to make a claim or have a lower risk profile. This means that their premiums may be lower compared to individuals with higher risks.

The other options are incorrect because

- A: Premium Risk Provision is not a commonly used term in insurance and does not relate to the acronym PRP.

- C: Policy Renewal Procedure is a general term used to describe the process of renewing an insurance policy, but it does not specifically relate to the acronym PRP.

- D: Public Relations Program has no relation to insurance terms and is a term used in marketing and communications.

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Policy Renewal Procedure

Public Relations Program

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