CancelReasonCd

Description
A code indicating why the cancellation, or non-renewal is taking place. This element uses the CancellationReason code list.

Type : Element
DataType : CancellationReason
ValueDescription
ACAgency/Company Termination - Producer/Insurer Termination (Non-Renewal Only)
ARAgent no longer represents the carrier.
SOBusiness Sold
CancelledAtRequestOfFinanceCompanyCancelled at Request of the Finance Company
CancelledByUnderwriterOrPlanAdministratorCancelled by Underwriter or Plan Administrator
CSContents Sold
CorporateOfficerNonelectionCorporate Officer Nonelection
CRCourt Release
CoveragePlacedElsewhereCoverage Placed Elsewhere
COCover overlapped with pre-existing cover
DuplicateCoverageDuplicate Coverage
DNDuplicate NFIP Policies
EXEstablish Common Expiration Date with Other Policies
FailureToComplyWithTermsAndConditionsFailure to Comply with Terms and Conditions (ex. Audit Failure)
FailureToPayDeductibleFailure to Pay Deductible
IRInsured's Request
MRMisrating
MisrepresentationOfInformationOnApplicationMisrepresentation of Information on Application
MPMortgage Paid Off
NINo Insurable Interest
PMNo Longer Required by Mortgagee - Physical Map Revision
FRNo Longer Required - FEMA Review
RSNo Longer Required - Removed from SFHA
NPNon-Payment
NSNot SFHA
NTNot Taken
OTOther
OBOut of Business
WFPolicy Written to Wrong Facility
PSPoor service or complaint
PCProduct cancelled within cooling off period
PTProduct too expensive
PUProduct unsuitable or misunderstood
RevocationOfVoluntaryMarketAcceptanceRevocation of Voluntary Market Acceptance
RWRewritten
NERisk Not Eligible for Coverage
SubstantialChangeInRiskSubstantial Change in Risk
URUnderwriting Reasons
UKUnknown
VCVoidance Due to Credit Card Error
VEVoidance Prior to Effective Date
WCWork Completed