Section 230-RICR-20-05-11.7 - Policy Issuance/DeclinationA. Upon approval by the Association of an application for coverage, or renewal of coverage, and upon receipt by the Association of the full amount of the required premium, (or if the applicant chooses an approved installment payment plan, the full amount of the deposit premium) in cash, or by personal check, certified check, bank check, money order, postal money order, or the check of a licensed lending institution, the Association shall issue a policy in accordance with § 11.10 of this Part.B. Applications for coverage shall be declined where the property fails to meet reasonable underwriting standards of the Association as set forth in § 11.8 of this Part below or other requirements of the Association or this Program.C. In the event of declination, the applicant shall be furnished a written statement of the conditions which make the property uninsurable and the measures, if any, which if taken would make the property insurable, or a written statement of any other reasons for declination. The applicant shall also be informed of his or her right to appeal such determination by the Association and be advised of the means whereby such an appeal may be initiated in accordance with § 11.13 of this Part.230 R.I. Code R. 230-RICR-20-05-11.7