Cancellation Qualifying Reasons

Policy Guide

Standard Flood Insurance Policy

Applications

Equinox Procedure
Waiting Periods : Occupancy Foundations : Discounts

New Business

Elevation Certificates
Primary Residence
BRCV : Venting : Condos

Renewals

Equinox Procedure
Billing Changes

Changes

Equinox Procedures
Mortgagee : Insured
Transfer of Ownership
Coverage Limits

Cancellations

Equinox Procedure
Request Forms : Signatures
Reasons : Documents

The NFIP relies on a structured system of cancellation 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 code outlines specific conditions, documentation requirements, and refund eligibility.

Equinox outlines all reason codes shown below as part of the Cancellation Request process.

Cancellation Reason Codes by Category

A. No Insurable Interest

Code 01 – Building sold, removed, or destroyed

Code 02 – Contents sold, removed, or destroyed.

Code 07 – Property closing did not occur.

B. Establish a Common Expiration Date

Code 03 – Policy canceled and rewritten to establish a common expiration date with other insurance coverage for the same building.

C. Duplicate Coverage

Code 04 – Duplicate NFIP policies.

Code 10 – Condominium unit or association policy converting to RCBAP.

Code 26 – Duplicate policy from a source other than NFIP.

D. Not Eligible for Coverage

Code 06 – Property not eligible for coverage at time of application.

Code 27 – Property becomes ineligible for coverage during policy term.

Code 29 – Building physically altered and no longer eligible for NFIP coverage.

E. Lender No Longer Requires Insurance

Code 28 – Insurance no longer required by lender.

F. Invalid Payment or Fraud

Code 05 – Invalid payment.

Code 23 – Fraud or misrepresentation.

Code 30 – Insufficient premium to retain coverage.

G. Other Reason Codes

Code 13 – Nullification prior to policy effective date.

Code 20 – SRL written with incorrect insurer.

Code 21 – Continuous lake flooding or closed basin lakes.

Code 22 – Cancel and rewrite due to administrative error.

This page contains details about NFIP Cancellations. Find more in the How To Cancel section of the NFIP Flood Insurance Manual.