Cancellation Qualifying Reasons - Revision history

WikiAdmin at 19:55, 12 February 2025

2025-02-12T19:55:21Z

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	{{info-nfip-sfip}}		{{info-nfip-sfip}}
	The [[NFIP]] relies on a structured system of qualifying reasons ("Reason Codes") to ensure policy cancellations are handled consistently and transparently. These codes categorize the allowable reasons for canceling or nullifying a policy, such as when there is no longer an insurable interest, duplicate coverage exists, or a property becomes ineligible for coverage.		The [[NFIP]] relies on a structured system of '''qualifying reasons''' ("Reason Codes") to ensure policy cancellations are handled consistently and transparently. These codes categorize the allowable reasons for canceling or nullifying a policy, such as when there is no longer an insurable interest, duplicate coverage exists, or a property becomes ineligible for coverage.

	Each qualifying reason outlines specific conditions, documentation requirements, and refund eligibility.		Each qualifying reason outlines specific conditions, documentation requirements, and refund eligibility.

WikiAdmin at 18:50, 12 February 2025

2025-02-12T18:50:06Z

← Older revision		Revision as of 11:50, 12 February 2025
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	[[Equinox]] outlines all qualifying reasons shown below as part of the [[Submit_NFIP_Cancellation_Request\|Cancellation Request]] process.		[[Equinox]] outlines all qualifying reasons shown below as part of the [[Submit_NFIP_Cancellation_Request\|Cancellation Request]] process.

	== ~~Cancellation~~ Qualifying Reasons ==		== Qualifying Reasons by Category==
	Each of the reasons shown below are organized by category and NFIP code. <br>		Each of the reasons shown below are organized by category and NFIP code. <br>
	Click on the Code Number to find more details about each qualifying reason.		Click on the Code Number to find more details about each qualifying reason.

WikiAdmin: /* Cancellation Qualifying Reasons */

2025-02-12T18:42:09Z

Cancellation Qualifying Reasons

WikiAdmin: /* Cancellation Qualifying Reasons */

2025-02-12T18:40:52Z

Cancellation Qualifying Reasons

WikiAdmin at 18:20, 12 February 2025

2025-02-12T18:20:32Z

WikiAdmin at 17:34, 12 February 2025

2025-02-12T17:34:41Z

← Older revision		Revision as of 10:34, 12 February 2025
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	\|-		\|-
	\| rowspan="3" \| No Insurable Interest		\| rowspan="3" \| No Insurable Interest
	\| '''[[/01\|01]]''' \|\| Building sold, removed, or destroyed		\| '''[[/RC01\|01]]''' \|\| Building sold, removed, or destroyed
	\|-		\|-
	\| '''[[/02\|02]]''' \|\| Contents sold, removed, or destroyed		\| '''[[/02\|02]]''' \|\| Contents sold, removed, or destroyed

WikiAdmin at 17:24, 12 February 2025

2025-02-12T17:24:53Z

WikiAdmin at 17:24, 12 February 2025

2025-02-12T17:24:28Z

WikiAdmin at 17:22, 12 February 2025

2025-02-12T17:22:52Z

← Older revision		Revision as of 10:22, 12 February 2025
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	\|-		\|-
	\| rowspan="3" \| No Insurable Interest		\| rowspan="3" \| No Insurable Interest
	\| '''[[/01\|/01]]''' \|\| Building sold, removed, or destroyed		\| '''[[/01\|01]]''' \|\| Building sold, removed, or destroyed
	\|-		\|-
	\| '''02''' \|\| Contents sold, removed, or destroyed		\| '''02''' \|\| Contents sold, removed, or destroyed

WikiAdmin at 17:22, 12 February 2025

2025-02-12T17:22:42Z

← Older revision		Revision as of 10:22, 12 February 2025
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	\|-		\|-
	\| rowspan="3" \| No Insurable Interest		\| rowspan="3" \| No Insurable Interest
	\| '''[[/01]]''' \|\| Building sold, removed, or destroyed		\| '''[[/01\|/01]]''' \|\| Building sold, removed, or destroyed
	\|-		\|-
	\| '''02''' \|\| Contents sold, removed, or destroyed		\| '''02''' \|\| Contents sold, removed, or destroyed

← Older revision		Revision as of 11:42, 12 February 2025
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	\|-		\|-
	\| rowspan="3" \| No Insurable Interest		\| rowspan="3" \| No Insurable Interest
	\| '''[[/RC 01\|RC 01]]''' \|\| Building sold, removed, or destroyed		\| '''[[/RC 01\|RC 01]]''' \|\| Building sold, removed, or destroyed
	\|-		\|-
	\| '''[[/RC 02\|RC 02]]''' \|\| Contents sold, removed, or destroyed		\| '''[[/RC 02\|RC 02]]''' \|\| Contents sold, removed, or destroyed
	\|-		\|-
	\| '''[[/RC 07\|RC 07]]''' \|\| Property closing did not occur		\| '''[[/RC 07\|RC 07]]''' \|\| Property closing did not occur
	\|-		\|-
	\| Establish a Common Expiration Date		\| Establish a Common Expiration Date
	\| '''[[/RC 03\|RC 03]]''' \|\| Policy canceled and rewritten to establish a common expiration date with other insurance coverage for the same building		\| '''[[/RC 03\|RC 03]]''' \|\| Policy canceled and rewritten to establish a common expiration date with other insurance coverage for the same building
	\|-		\|-
	\| rowspan="3" \| Duplicate Coverage		\| rowspan="3" \| Duplicate Coverage
	\| '''[[/RC 04\|RC 04]]''' \|\| Duplicate NFIP policies		\| '''[[/RC 04\|RC 04]]''' \|\| Duplicate NFIP policies
	\|-		\|-
	\| '''[[/RC 10\|RC 10]]''' \|\| Condominium unit or association policy converting to RCBAP		\| '''[[/RC 10\|RC 10]]''' \|\| Condominium unit or association policy converting to RCBAP
	\|-		\|-
	\| '''[[/RC 26\|RC 26]]''' \|\| Duplicate policy from a source other than NFIP		\| '''[[/RC 26\|RC 26]]''' \|\| Duplicate policy from a source other than NFIP
	\|-		\|-
	\| rowspan="3" \| Not Eligible for Coverage		\| rowspan="3" \| Not Eligible for Coverage
	\| '''[[/RC 06\|RC 06]]''' \|\| Property not eligible for coverage at time of application		\| '''[[/RC 06\|RC 06]]''' \|\| Property not eligible for coverage at time of application
	\|-		\|-
	\| '''[[/RC 27\|RC 27]]''' \|\| Property becomes ineligible for coverage during policy term		\| '''[[/RC 27\|RC 27]]''' \|\| Property becomes ineligible for coverage during policy term
	\|-		\|-
	\| '''[[/RC 29\|RC 29]]''' \|\| Building physically altered and no longer eligible for NFIP coverage		\| '''[[/RC 29\|RC 29]]''' \|\| Building physically altered and no longer eligible for NFIP coverage
	\|-		\|-
	\| Lender No Longer Requires Insurance		\| Lender No Longer Requires Insurance
	\| '''[[/RC 28\|RC 28]]''' \|\| Insurance no longer required by lender		\| '''[[/RC 28\|RC 28]]''' \|\| Insurance no longer required by lender
	\|-		\|-
	\| rowspan="3" \| Invalid Payment or Fraud		\| rowspan="3" \| Invalid Payment or Fraud
	\| '''[[/RC 05\|RC 05]]''' \|\| Invalid payment		\| '''[[/RC 05\|RC 05]]''' \|\| Invalid payment
	\|-		\|-
	\| '''[[/RC 23\|RC 23]]''' \|\| Fraud or misrepresentation		\| '''[[/RC 23\|RC 23]]''' \|\| Fraud or misrepresentation
	\|-		\|-
	\| '''[[/RC 30\|RC 30]]''' \|\| Insufficient premium to retain coverage		\| '''[[/RC 30\|RC 30]]''' \|\| Insufficient premium to retain coverage
	\|-		\|-
	\| rowspan="4" \| Other Reason Codes		\| rowspan="4" \| Other Reason Codes
	\| '''[[/RC 13\|RC 13]]''' \|\| Nullification prior to policy effective date		\| '''[[/RC 13\|RC 13]]''' \|\| Nullification prior to policy effective date
	\|-		\|-
	\| '''[[/RC 20\|RC 20]]''' \|\| SRL written with incorrect insurer		\| '''[[/RC 20\|RC 20]]''' \|\| SRL written with incorrect insurer
	\|-		\|-
	\| '''[[/RC 21\|RC 21]]''' \|\| Continuous lake flooding or closed basin lakes		\| '''[[/RC 21\|RC 21]]''' \|\| Continuous lake flooding or closed basin lakes
	\|-		\|-
	\| '''[[/RC 22\|RC 22]]''' \|\| Cancel and rewrite due to administrative error		\| '''[[/RC 22\|RC 22]]''' \|\| Cancel and rewrite due to administrative error
	\|}		\|}

	{{line-nfip-cxl}}		{{line-nfip-cxl}}

← Older revision		Revision as of 11:40, 12 February 2025
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	\|-		\|-
	\| rowspan="3" \| No Insurable Interest		\| rowspan="3" \| No Insurable Interest
	\| '''[[/RC 01\|01]]''' \|\| Building sold, removed, or destroyed		\| '''[[/RC 01\|RC 01]]''' \|\| Building sold, removed, or destroyed
	\|-		\|-
	\| '''[[/RC 02\|02]]''' \|\| Contents sold, removed, or destroyed		\| '''[[/RC 02\|RC 02]]''' \|\| Contents sold, removed, or destroyed
	\|-		\|-
	\| '''[[/RC 07\|07]]''' \|\| Property closing did not occur		\| '''[[/RC 07\|RC 07]]''' \|\| Property closing did not occur
	\|-		\|-
	\| Establish a Common Expiration Date		\| Establish a Common Expiration Date
	\| '''[[/RC 03\|03]]''' \|\| Policy canceled and rewritten to establish a common expiration date with other insurance coverage for the same building		\| '''[[/RC 03\|RC 03]]''' \|\| Policy canceled and rewritten to establish a common expiration date with other insurance coverage for the same building
	\|-		\|-
	\| rowspan="3" \| Duplicate Coverage		\| rowspan="3" \| Duplicate Coverage
	\| '''[[/RC 04\|04]]''' \|\| Duplicate NFIP policies		\| '''[[/RC 04\|RC 04]]''' \|\| Duplicate NFIP policies
	\|-		\|-
	\| '''[[/RC 10\|10]]''' \|\| Condominium unit or association policy converting to RCBAP		\| '''[[/RC 10\|RC 10]]''' \|\| Condominium unit or association policy converting to RCBAP
	\|-		\|-
	\| '''[[/RC 26\|26]]''' \|\| Duplicate policy from a source other than NFIP		\| '''[[/RC 26\|RC 26]]''' \|\| Duplicate policy from a source other than NFIP
	\|-		\|-
	\| rowspan="3" \| Not Eligible for Coverage		\| rowspan="3" \| Not Eligible for Coverage
	\| '''[[/RC 06\|06]]''' \|\| Property not eligible for coverage at time of application		\| '''[[/RC 06\|RC 06]]''' \|\| Property not eligible for coverage at time of application
	\|-		\|-
	\| '''[[/RC 27\|27]]''' \|\| Property becomes ineligible for coverage during policy term		\| '''[[/RC 27\|RC 27]]''' \|\| Property becomes ineligible for coverage during policy term
	\|-		\|-
	\| '''[[/RC 29\|29]]''' \|\| Building physically altered and no longer eligible for NFIP coverage		\| '''[[/RC 29\|RC 29]]''' \|\| Building physically altered and no longer eligible for NFIP coverage
	\|-		\|-
	\| Lender No Longer Requires Insurance		\| Lender No Longer Requires Insurance
	\| '''[[/RC 28\|28]]''' \|\| Insurance no longer required by lender		\| '''[[/RC 28\|RC 28]]''' \|\| Insurance no longer required by lender
	\|-		\|-
	\| rowspan="3" \| Invalid Payment or Fraud		\| rowspan="3" \| Invalid Payment or Fraud
	\| '''[[/RC 05\|05]]''' \|\| Invalid payment		\| '''[[/RC 05\|RC 05]]''' \|\| Invalid payment
	\|-		\|-
	\| '''[[/RC 23\|23]]''' \|\| Fraud or misrepresentation		\| '''[[/RC 23\|RC 23]]''' \|\| Fraud or misrepresentation
	\|-		\|-
	\| '''[[/RC 30\|30]]''' \|\| Insufficient premium to retain coverage		\| '''[[/RC 30\|RC 30]]''' \|\| Insufficient premium to retain coverage
	\|-		\|-
	\| rowspan="4" \| Other Reason Codes		\| rowspan="4" \| Other Reason Codes
	\| '''[[/RC 13\|13]]''' \|\| Nullification prior to policy effective date		\| '''[[/RC 13\|RC 13]]''' \|\| Nullification prior to policy effective date
	\|-		\|-
	\| '''[[/RC 20\|20]]''' \|\| SRL written with incorrect insurer		\| '''[[/RC 20\|RC 20]]''' \|\| SRL written with incorrect insurer
	\|-		\|-
	\| '''[[/RC 21\|21]]''' \|\| Continuous lake flooding or closed basin lakes		\| '''[[/RC 21\|RC 21]]''' \|\| Continuous lake flooding or closed basin lakes
	\|-		\|-
	\| '''[[/RC 22\|22]]''' \|\| Cancel and rewrite due to administrative error		\| '''[[/RC 22\|RC 22]]''' \|\| Cancel and rewrite due to administrative error
	\|}		\|}

	{{line-nfip-cxl}}		{{line-nfip-cxl}}

← Older revision		Revision as of 11:20, 12 February 2025
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	\|-		\|-
	\| rowspan="3" \| No Insurable Interest		\| rowspan="3" \| No Insurable Interest
	\| '''[[/~~RC01~~\|01]]''' \|\| Building sold, removed, or destroyed		\| '''[[/RC 01\|01]]''' \|\| Building sold, removed, or destroyed
	\|-		\|-
	\| '''[[/02\|02]]''' \|\| Contents sold, removed, or destroyed		\| '''[[/RC 02\|02]]''' \|\| Contents sold, removed, or destroyed
	\|-		\|-
	\| '''[[/07\|07]]''' \|\| Property closing did not occur		\| '''[[/RC 07\|07]]''' \|\| Property closing did not occur
	\|-		\|-
	\| Establish a Common Expiration Date		\| Establish a Common Expiration Date
	\| '''[[/03\|03]]''' \|\| Policy canceled and rewritten to establish a common expiration date with other insurance coverage for the same building		\| '''[[/RC 03\|03]]''' \|\| Policy canceled and rewritten to establish a common expiration date with other insurance coverage for the same building
	\|-		\|-
	\| rowspan="3" \| Duplicate Coverage		\| rowspan="3" \| Duplicate Coverage
	\| '''[[/04\|04]]''' \|\| Duplicate NFIP policies		\| '''[[/RC 04\|04]]''' \|\| Duplicate NFIP policies
	\|-		\|-
	\| '''[[/10\|10]]''' \|\| Condominium unit or association policy converting to RCBAP		\| '''[[/RC 10\|10]]''' \|\| Condominium unit or association policy converting to RCBAP
	\|-		\|-
	\| '''[[/26\|26]]''' \|\| Duplicate policy from a source other than NFIP		\| '''[[/RC 26\|26]]''' \|\| Duplicate policy from a source other than NFIP
	\|-		\|-
	\| rowspan="3" \| Not Eligible for Coverage		\| rowspan="3" \| Not Eligible for Coverage
	\| '''[[/06\|06]]''' \|\| Property not eligible for coverage at time of application		\| '''[[/RC 06\|06]]''' \|\| Property not eligible for coverage at time of application
	\|-		\|-
	\| '''[[/27\|27]]''' \|\| Property becomes ineligible for coverage during policy term		\| '''[[/RC 27\|27]]''' \|\| Property becomes ineligible for coverage during policy term
	\|-		\|-
	\| '''[[/29\|29]]''' \|\| Building physically altered and no longer eligible for NFIP coverage		\| '''[[/RC 29\|29]]''' \|\| Building physically altered and no longer eligible for NFIP coverage
	\|-		\|-
	\| Lender No Longer Requires Insurance		\| Lender No Longer Requires Insurance
	\| '''[[/28\|28]]''' \|\| Insurance no longer required by lender		\| '''[[/RC 28\|28]]''' \|\| Insurance no longer required by lender
	\|-		\|-
	\| rowspan="3" \| Invalid Payment or Fraud		\| rowspan="3" \| Invalid Payment or Fraud
	\| '''[[/05\|05]]''' \|\| Invalid payment		\| '''[[/RC 05\|05]]''' \|\| Invalid payment
	\|-		\|-
	\| '''[[/23\|23]]''' \|\| Fraud or misrepresentation		\| '''[[/RC 23\|23]]''' \|\| Fraud or misrepresentation
	\|-		\|-
	\| '''[[/30\|30]]''' \|\| Insufficient premium to retain coverage		\| '''[[/RC 30\|30]]''' \|\| Insufficient premium to retain coverage
	\|-		\|-
	\| rowspan="4" \| Other Reason Codes		\| rowspan="4" \| Other Reason Codes
	\| '''[[/13\|13]]''' \|\| Nullification prior to policy effective date		\| '''[[/RC 13\|13]]''' \|\| Nullification prior to policy effective date
	\|-		\|-
	\| '''[[/20\|20]]''' \|\| SRL written with incorrect insurer		\| '''[[/RC 20\|20]]''' \|\| SRL written with incorrect insurer
	\|-		\|-
	\| '''[[/21\|21]]''' \|\| Continuous lake flooding or closed basin lakes		\| '''[[/RC 21\|21]]''' \|\| Continuous lake flooding or closed basin lakes
	\|-		\|-
	\| '''[[/22\|22]]''' \|\| Cancel and rewrite due to administrative error		\| '''[[/RC 22\|22]]''' \|\| Cancel and rewrite due to administrative error
	\|}		\|}

	{{line-nfip-cxl}}		{{line-nfip-cxl}}

← Older revision		Revision as of 10:24, 12 February 2025
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	\| '''[[/01\|01]]''' \|\| Building sold, removed, or destroyed		\| '''[[/01\|01]]''' \|\| Building sold, removed, or destroyed
	\|-		\|-
	\| '''[[/02\|/02]]''' \|\| Contents sold, removed, or destroyed		\| '''[[/02\|02]]''' \|\| Contents sold, removed, or destroyed
	\|-		\|-
	\| '''[[/07\|/07]]''' \|\| Property closing did not occur		\| '''[[/07\|07]]''' \|\| Property closing did not occur
	\|-		\|-
	\| Establish a Common Expiration Date		\| Establish a Common Expiration Date
	\| '''[[/03\|/03]]''' \|\| Policy canceled and rewritten to establish a common expiration date with other insurance coverage for the same building		\| '''[[/03\|03]]''' \|\| Policy canceled and rewritten to establish a common expiration date with other insurance coverage for the same building
	\|-		\|-
	\| rowspan="3" \| Duplicate Coverage		\| rowspan="3" \| Duplicate Coverage
	\| '''[[/04\|/04]]''' \|\| Duplicate NFIP policies		\| '''[[/04\|04]]''' \|\| Duplicate NFIP policies
	\|-		\|-
	\| '''[[/10\|/10]]''' \|\| Condominium unit or association policy converting to RCBAP		\| '''[[/10\|10]]''' \|\| Condominium unit or association policy converting to RCBAP
	\|-		\|-
	\| '''[[/26\|/26]]''' \|\| Duplicate policy from a source other than NFIP		\| '''[[/26\|26]]''' \|\| Duplicate policy from a source other than NFIP
	\|-		\|-
	\| rowspan="3" \| Not Eligible for Coverage		\| rowspan="3" \| Not Eligible for Coverage
	\| '''[[/06\|/06]]''' \|\| Property not eligible for coverage at time of application		\| '''[[/06\|06]]''' \|\| Property not eligible for coverage at time of application
	\|-		\|-
	\| '''[[/27\|/27]]''' \|\| Property becomes ineligible for coverage during policy term		\| '''[[/27\|27]]''' \|\| Property becomes ineligible for coverage during policy term
	\|-		\|-
	\| '''[[/29\|/29]]''' \|\| Building physically altered and no longer eligible for NFIP coverage		\| '''[[/29\|29]]''' \|\| Building physically altered and no longer eligible for NFIP coverage
	\|-		\|-
	\| Lender No Longer Requires Insurance		\| Lender No Longer Requires Insurance
	\| '''[[/28\|/28]]''' \|\| Insurance no longer required by lender		\| '''[[/28\|28]]''' \|\| Insurance no longer required by lender
	\|-		\|-
	\| rowspan="3" \| Invalid Payment or Fraud		\| rowspan="3" \| Invalid Payment or Fraud
	\| '''[[/05\|/05]]''' \|\| Invalid payment		\| '''[[/05\|05]]''' \|\| Invalid payment
	\|-		\|-
	\| '''[[/23\|/23]]''' \|\| Fraud or misrepresentation		\| '''[[/23\|23]]''' \|\| Fraud or misrepresentation
	\|-		\|-
	\| '''[[/30\|/30]]''' \|\| Insufficient premium to retain coverage		\| '''[[/30\|30]]''' \|\| Insufficient premium to retain coverage
	\|-		\|-
	\| rowspan="4" \| Other Reason Codes		\| rowspan="4" \| Other Reason Codes
	\| '''[[/13\|/13]]''' \|\| Nullification prior to policy effective date		\| '''[[/13\|13]]''' \|\| Nullification prior to policy effective date
	\|-		\|-
	\| '''[[/20\|/20]]''' \|\| SRL written with incorrect insurer		\| '''[[/20\|20]]''' \|\| SRL written with incorrect insurer
	\|-		\|-
	\| '''[[/21\|/21]]''' \|\| Continuous lake flooding or closed basin lakes		\| '''[[/21\|21]]''' \|\| Continuous lake flooding or closed basin lakes
	\|-		\|-
	\| '''[[/22\|/22]]''' \|\| Cancel and rewrite due to administrative error		\| '''[[/22\|22]]''' \|\| Cancel and rewrite due to administrative error
	\|}		\|}

	{{line-nfip-cxl}}		{{line-nfip-cxl}}