TeachMeFinance.com - explain Residential Condominium Building Association Policy (RCBAP)
Residential Condominium Building Association Policy (RCBAP) The term 'Residential Condominium Building Association Policy (RCBAP)' as it applies to the area of flooding can be defined as 'Policy issued to insure a residential condominium building and all units within the building, provided that the building is located in a Regular Program Community and at least 75 percent of the total floor area is residential. '.
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