User contributions for WikiAdmin

12:3812:38, 12 February 2025 diff hist 0‎ Cancellation Verification Letter ‎No edit summary
12:3812:38, 12 February 2025 diff hist +12‎ Cancellation Verification Letter ‎No edit summary
12:3712:37, 12 February 2025 diff hist −5‎ Cancellation Verification Letter ‎No edit summary
12:3712:37, 12 February 2025 diff hist +1‎ Cancellation Verification Letter ‎No edit summary
12:3612:36, 12 February 2025 diff hist +29‎ Cancellation Verification Letter ‎No edit summary
12:3612:36, 12 February 2025 diff hist +40‎ Cancellation Verification Letter ‎No edit summary
12:3512:35, 12 February 2025 diff hist +5‎ Cancellation Verification Letter ‎No edit summary
12:3512:35, 12 February 2025 diff hist +52‎ Cancellation Verification Letter ‎No edit summary
12:3412:34, 12 February 2025 diff hist 0‎ N File:Img-cxl-verification-letter.png ‎No edit summary current
12:3212:32, 12 February 2025 diff hist +210‎ Cancellation Verification Letter ‎No edit summary
12:2512:25, 12 February 2025 diff hist +1,130‎ N Cancellation Verification Letter ‎ Created page with "The '''Cancellation Verification Letter''' is required when a policyholder requests a cancellation due to their lender no longer requiring flood insurance. The letter serves as documentation that flood insurance is no longer mandated by any lender, loss payee, landlord, or federal agency. Policyholders can obtain the letter from their agent or insurer. === Sample Cancellation Verification Letter === The document includes the following key statements: * The policyholder..." Tag: Visual edit
12:2112:21, 12 February 2025 diff hist −3‎ Cancellation Qualifying Reasons/RC 22 ‎No edit summary
12:2012:20, 12 February 2025 diff hist +166‎ Cancellation Qualifying Reasons/RC 29 ‎No edit summary
12:1612:16, 12 February 2025 diff hist +12‎ Cancellation Qualifying Reasons/RC 29 ‎No edit summary
12:1512:15, 12 February 2025 diff hist +720‎ UW:3211/A ‎No edit summary
12:0912:09, 12 February 2025 diff hist +3,220‎ N Cancellation Qualifying Reasons/RC 30 ‎ Created page with "=== Reason Code 30: Insufficient Premium to Retain Coverage === This reason code applies when a policy must be canceled due to insufficient premium to maintain any amount of coverage after deducting applicable fees and surcharges. If the policyholder does not pay the additional premium within the required timeframe, the policy is canceled. {| class="wikitable" !'''Condition''' !'''Details''' |- |'''Eligibility for Cancellation''' |A policy may be canceled if the insure..."
12:0612:06, 12 February 2025 diff hist +2,450‎ N Cancellation Qualifying Reasons/RC 29 ‎ Created page with "=== Reason Code 29: Policy Canceled Due to Risk Rating 2.0 Calculation Error === This reason code applies when a policy must be canceled due to an error in the Risk Rating 2.0 premium calculation, requiring the policy to be reissued with the correct rating. {| class="wikitable" !'''Condition''' !'''Details''' |- |'''Eligibility for Cancellation''' |A policy may be canceled if an error in the Risk Rating 2.0 calculation resulted in an incorrect premium, and a corrected..."
12:0512:05, 12 February 2025 diff hist +2,854‎ N Cancellation Qualifying Reasons/RC 28 ‎ Created page with "=== Reason Code 28: Insurance No Longer Required by Lender === This reason code applies when a policyholder was originally required to maintain flood insurance by a lender, but the lender no longer requires coverage due to a loan payoff, map revision, or other circumstances. {| class="wikitable" !'''Condition''' !'''Details''' |- |'''Eligibility for Cancellation''' |A policy may be canceled if the lender no longer requires flood insurance, such as when the mortgage is..."
12:0312:03, 12 February 2025 diff hist +2,801‎ N Cancellation Qualifying Reasons/RC 27 ‎ Created page with "=== Reason Code 27: Property Becomes Ineligible for Coverage During Policy Term === This reason code applies when a property that was initially eligible for NFIP coverage becomes ineligible during the policy term due to a change in status, such as a community suspension or a Section 1316 violation. {| class="wikitable" !'''Condition''' !'''Details''' |- |'''Eligibility for Cancellation''' |A policy may be canceled if the property, which was eligible at the time of appl..."
12:0212:02, 12 February 2025 diff hist +2,680‎ N Cancellation Qualifying Reasons/RC 26 ‎ Created page with "=== Reason Code 26: Duplicate Policy from a Source Other Than NFIP === This reason code applies when a policy is canceled because the policyholder obtained a duplicate flood insurance policy from a private insurer, rather than from another NFIP source. The NFIP policy is nullified to prevent overlapping coverage. {| class="wikitable" !'''Condition''' !'''Details''' |- |'''Eligibility for Cancellation''' |A policy may be canceled if the policyholder obtained a private f..."
12:0012:00, 12 February 2025 diff hist −3‎ Cancellation Qualifying Reasons/RC 23 ‎No edit summary
12:0012:00, 12 February 2025 diff hist +2,474‎ N Cancellation Qualifying Reasons/RC 23 ‎ Created page with "=== Reason Code 23: Fraud or Misrepresentation === This reason code applies when a policy must be canceled due to fraud or material misrepresentation by the policyholder or agent. Fraudulent activity or deliberate misrepresentation of key policy details invalidates coverage. {| class="wikitable" !'''Condition''' !'''Details''' |- |'''Eligibility for Cancellation''' |A policy must be canceled if fraud or material misrepresentation is identified, affecting the policy’s..."
11:5811:58, 12 February 2025 diff hist +2,579‎ N Cancellation Qualifying Reasons/RC 22 ‎ Created page with "=== Reason Code 22: Cancel and Rewrite Due to Administrative Error === This reason code applies when a policy must be canceled and rewritten to correct an administrative error, such as an incorrect policy effective date, rating error, or misapplied coverage. The rewritten policy ensures continuous and accurate coverage. {| class="wikitable" !'''Condition''' !'''Details''' |- |'''Eligibility for Cancellation''' |A policy may be canceled and rewritten if an administrativ..."
11:5811:58, 12 February 2025 diff hist +2,196‎ N Cancellation Qualifying Reasons/RC 21 ‎ Created page with "=== Reason Code 21: Continuous Lake Flooding or Closed Basin Lakes === This reason code applies when an NFIP policy must be canceled due to continuous lake flooding or a closed basin lake scenario as determined by FEMA. These properties experience ongoing inundation, making them uninsurable under NFIP guidelines. {| class="wikitable" !'''Condition''' !'''Details''' |- |'''Eligibility for Cancellation''' |A policy may be canceled if FEMA designates the property as affec..."
11:5511:55, 12 February 2025 diff hist +2,428‎ N Cancellation Qualifying Reasons/RC 20 ‎ Created page with "=== Reason Code 20: SRL Written with Incorrect Insurer === This reason code applies when a Severe Repetitive Loss (SRL) policy was issued or renewed by a Write Your Own (WYO) company instead of being serviced by the NFIP Direct’s Special Direct Facility (SDF). In these cases, the policy must be canceled and rewritten under the correct insurer. {| class="wikitable" !'''Condition''' !'''Details''' |- |'''Eligibility for Cancellation''' |A policy may be canceled if an S..."
11:5311:53, 12 February 2025 diff hist +2,562‎ N Cancellation Qualifying Reasons/RC 13 ‎ Created page with "=== Reason Code 13: Nullification Prior to Policy Effective Date === This reason code applies when a policyholder pays the premium for a new or renewal policy but decides before the effective date that they do not want coverage. Since the policy never became effective, it must be nullified from inception. {| class="wikitable" !'''Condition''' !'''Details''' |- |'''Eligibility for Cancellation''' |A policy may be nullified if the policyholder requests cancellation befor..."
11:5111:51, 12 February 2025 diff hist +2,666‎ N Cancellation Qualifying Reasons/RC 10 ‎ Created page with "=== Reason Code 10: Condominium Unit or Association Policy Converting to RCBAP === This reason code applies when an NFIP policy insuring a residential condominium unit is replaced by a Residential Condominium Building Association Policy (RCBAP). The individual unit policy is canceled to avoid duplicate coverage. {| class="wikitable" !'''Condition''' !'''Details''' |- |'''Eligibility for Cancellation''' |A Dwelling Form policy insuring a condominium unit may be canceled..."
11:5011:50, 12 February 2025 diff hist −2‎ Cancellation Qualifying Reasons ‎No edit summary
11:4911:49, 12 February 2025 diff hist +2,525‎ N Cancellation Qualifying Reasons/RC 07 ‎ 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..."
11:4711:47, 12 February 2025 diff hist −7‎ Cancellation Qualifying Reasons/RC 06 ‎No edit summary
11:4611:46, 12 February 2025 diff hist +2,750‎ N Cancellation Qualifying Reasons/RC 06 ‎ Created page with "=== Reason Code 06: Property Not Eligible for Coverage === This reason code applies when a policy was issued for a property that was never eligible for NFIP coverage at the time of application. The policy must be nullified from inception. {| class="wikitable" !'''Condition''' !'''Details''' |- |'''Eligibility for Cancellation''' |A policy may be nullified if the insured property was not eligible for NFIP coverage at the time of application. |- |'''Effective Date of Can..."
11:4511:45, 12 February 2025 diff hist +2,164‎ N Cancellation Qualifying Reasons/RC 05 ‎ Created page with "=== Reason Code 05: Invalid Payment === This reason code applies when a policyholder’s payment is returned due to insufficient funds, rejection, or dispute. The policy is nullified as of the effective date since no valid payment was received to bind coverage. {| class="wikitable" !'''Condition''' !'''Details''' |- |'''Eligibility for Cancellation''' |A policy may be nullified if the initial premium payment is returned, rejected, or disputed, meaning no valid payment..."
11:4311:43, 12 February 2025 diff hist +9‎ Cancellation Qualifying Reasons/RC 04 ‎No edit summary
11:4211:42, 12 February 2025 diff hist +2,685‎ N Cancellation Qualifying Reasons/RC 04 ‎ Created page with "=== Reason Code 04: Duplicate NFIP Policies === This reason code applies when there are two or more NFIP policies covering the same building or contents. The insurer must cancel the policy with the later effective date unless there are specific exceptions that allow cancellation of the earlier policy. {| class="wikitable" !'''Condition''' !'''Details''' |- |'''Eligibility for Cancellation''' |If multiple NFIP policies are issued for the same building or contents, the p..."
11:4211:42, 12 February 2025 diff hist +90‎ Cancellation Qualifying Reasons ‎ →‎Cancellation Qualifying Reasons
11:4011:40, 12 February 2025 diff hist +54‎ Cancellation Qualifying Reasons ‎ →‎Cancellation Qualifying Reasons
11:3911:39, 12 February 2025 diff hist 0‎ Cancellation Qualifying Reasons/RC 03 ‎No edit summary
11:3811:38, 12 February 2025 diff hist +2,653‎ N Cancellation Qualifying Reasons/RC 03 ‎ Created page with "=== Reason Code 03: Policy Canceled and Rewritten to Establish a Common Expiration Date === This reason code applies when a policy is canceled and rewritten to align its expiration date with other insurance coverage on the same building. This allows policyholders to maintain a consistent renewal schedule for all related policies. {| class="wikitable" !'''Condition''' !'''Details''' |- |'''Eligibility for Cancellation''' |The policyholder requests cancellation to align..."
11:3711:37, 12 February 2025 diff hist −9‎ Cancellation Qualifying Reasons/RC 02 ‎ →‎Reason Code 02: Contents Sold, Removed, or Destroyed
11:3611:36, 12 February 2025 diff hist +3,195‎ N Cancellation Qualifying Reasons/RC 02 ‎ Created page with "=== Reason Code 02: Contents Sold, Removed, or Destroyed === This reason code applies when the policyholder no longer has an insurable interest in the contents covered by a flood insurance policy due to their sale, removal, or destruction. This includes situations where contents are permanently relocated, sold, or completely lost due to a peril other than flooding. {| class="wikitable" !'''Condition''' !'''Details''' |- |'''Eligibility for Cancellation''' |The policyho..."
11:3011:30, 12 February 2025 diff hist +26‎ Cancellation Qualifying Reasons/RC 01 ‎No edit summary
11:2911:29, 12 February 2025 diff hist −2‎ Cancellation Qualifying Reasons/RC 01 ‎No edit summary
11:2811:28, 12 February 2025 diff hist +1‎ Cancellation Qualifying Reasons/RC 01 ‎ →‎Scenarios for Context
11:2811:28, 12 February 2025 diff hist +3‎ Cancellation Qualifying Reasons/RC 01 ‎ →‎Scenarios for Context
11:2711:27, 12 February 2025 diff hist −55‎ Cancellation Qualifying Reasons/RC 01 ‎No edit summary
11:2711:27, 12 February 2025 diff hist −9‎ Cancellation Qualifying Reasons/RC 01 ‎No edit summary
11:2611:26, 12 February 2025 diff hist −161‎ Cancellation Qualifying Reasons/RC 01 ‎No edit summary
11:2411:24, 12 February 2025 diff hist +56‎ Cancellation Qualifying Reasons/RC 01 ‎No edit summary
11:2211:22, 12 February 2025 diff hist −27‎ Cancellation Qualifying Reasons/RC 01 ‎No edit summary
11:2111:21, 12 February 2025 diff hist −49‎ Cancellation Qualifying Reasons/RC 01 ‎No edit summary

12 February 2025