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• 11:45, 12 February 2025 WikiAdmin talk contribs created page 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...")