Cancellation Qualifying Reasons/RC 07: Revision history

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26 March 2025

13 February 2025

12 February 2025

  • curprev 11:4911:49, 12 February 2025‎ WikiAdmin talk contribs‎ 2,525 bytes +2,525‎ Created page with "=== Reason Code 07: Property Closing Did Not Occur === This reason code applies when an NFIP policy was issued in anticipation of a property transfer, but the closing did not take place. Since the policyholder never had an insurable interest, the policy must be nullified from inception. {| class="wikitable" !'''Condition''' !'''Details''' |- |'''Eligibility for Cancellation''' |A policy may be nullified if the property closing did not occur and the policyholder never h..."
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