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POLICY RENEWALS I. GENERAL INFORMATION B. Inflation Factor Option B The Standard Flood Insurance Policy (SHIP) is not a continuous policy. The policy contract is for the term of one year. Each policy

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What is inflation factor option b?

Inflation factor option b is a method used to adjust monetary figures for inflation.

Who is required to file inflation factor option b?

Those individuals or businesses who need to account for inflation when reporting financial information are required to file inflation factor option b.

How to fill out inflation factor option b?

To fill out inflation factor option b, you need to provide the original monetary figure, the base year, and the current year for which you want to adjust for inflation.

What is the purpose of inflation factor option b?

The purpose of inflation factor option b is to accurately reflect the impact of inflation on monetary values over time.

What information must be reported on inflation factor option b?

On inflation factor option b, you must report the original monetary amount, the base year, the inflation factor, and the adjusted amount.

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