how does everyone handle the instruction from the NFIP manual guidance p. 202 Code 19 regarding the cancellation effective date of current policy term and 1 prior policy term if a LOMA-F or FW is issued within 60 days before the current policy's effective date? Do some have the policy that the cancellation effective date is the date of the map revision or LOMR?

I am unsure of your question. On the effective date of the new LOMA, your flood insurance requirements disappear. Refunds are between the consumer and their agent if they choose to cancel their policy.

Sorry, I should've said for lender placed insurance--for lending services within bank, we are trying to ensure that we refund the customer back to the correct date if a property is no longer in an SFHA due to a LOMR. Currently we cancel LPI effective the date of the map revision or LOMR. The NFIP manual seems to say we must cancel the current policy term and any prior policy provided the LOMR occurred within 60 days before the current policy's eff. date.

That does not apply to lender force placed insurance. Only to a NFIP policy if they had one. Just goes to prove that the borrower should have cooperated with you.

ok...so the NFIP manual guidelines do not apply to lender placed insurance?

No. You are not using NFIP policies for force placement are you?

No, but was wondering if the guidance would be applicable.