APRIL 2021 NFIP FLOOD INSURANCE MANUAL 6 • 10
6. How To Cancel
Reason Code 09
Insurance no longer required by lender because property is no
longer located in an SFHA because of a map revision or LOMR
Required
Documentation
A signed statement from the insured that the lender no longer requires the
policy because the property is no longer in an SFHA due to a map revision,
or coverage is no longer required by the lender for a detached structure.
A copy of the revised map or LOMR; or, in the case of multi-property
LOMRs that do not list the property’s specic building, street address, lot
number, or rural address, any of the following and a copy of the LOMR:
1. A letter that the insured received from the applicable community
official, stating that their building was removed from the SFHA by a
multi-property LOMR;
2. A letter from the applicable community official, on official letterhead,
stating that the building was included in the area removed from the
SFHA by the multi-property LOMR, which listed only boundaries/
intersections of streets, lot numbers, or rural addresses; or
3. In cases, and only in cases, where (1) a community official could not or
would not provide a letter, or (2) the building has a rural address, the
following set of two documents may be submitted:
• A copy of a legal notice, such as a real estate assessment notice or a
water/sewer notice, that shows the lot number, street or rural address,
or other legal designation of the location of the building; and
• A letter from the mortgage lender that (1) shows the lot number,
street or rural address, or other legal designation of the location
of the building, and (2) states that the building was within the
boundaries of the area removed from the SFHA by the LOMR. Letters
from community officials must match the street address and lot
number with a specific multi-property LOMR, stating that the individual
building street address, lot number, or rural address (e.g., RR, Box #,
Hwy) was included in the area covered by the LOMR. The insurer may
accept zone determinations in lieu of the documentation cited above
for these situations.
4. When a condominium association seeks to cancel a RCBAP, the
condominium association must provide a signed letter that lists the
number of units and specifies the owner of each unit. Each unit owner
must provide a release from the lender or sign a statement that there is
no lender.
See sample verication letter regarding no requirement to maintain ood
insurance coverage.
Policy Terms
Eligible for Refund
Current policy term.
Table 10: Valid Cancellation Reason Code 10
Reason Code 10 Condominium unit or association policy converting to RCBAP
Conditions
1. A standard-rated policy with only building coverage for a condominium
unit that is replaced by an RCBAP.
2. The unit owner policy and the RCBAP building limits are more than the
cost of the unit or over the program maximum limits of coverage.
Cancellation
Effective Date
The cancellation effective date is the effective date of the RCBAP.
Table 9: Valid Cancellation Reason Code 09 continued