English
New Course
Concept
Insurance Reinstatement
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Summary
Insurance Reinstatement
is the process of restoring a
Lapsed insurance policy
to
Active status
, usually within a specified period after it has expired due to
Non-payment of premiums
. This often requires
Paying back premiums
,
Demonstrating insurability
, and meeting other
Conditions stipulated by the insurer
.
Concepts
Policy Lapse
Premium Payment
Insurability
Grace Period
Underwriting
Back Premiums
Contractual Obligations
Insurance Coverage
Lapse In Coverage
Relevant Degrees
Insurance and Risk Sharing 100%
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