Common use of Commercial-Residential Class Code Clause in Contracts

Commercial-Residential Class Code. If a single structure is used for both habitational and non-habitational purposes and the structure has a commercial-residential class code (based on a classification plan on file with and reviewed by the Administrator), the entire exposure for the structure should be reported to the FHCF under the Data Call, and the FHCF will reimburse losses for the entire structure as well.

Appears in 26 contracts

Sources: Reimbursement Contract, Reimbursement Contract, Reimbursement Contract (HCI Group, Inc.)