English
New Course
Concept
Lapse In Coverage
Follow
0
Summary
A
Lapse In Coverage
occurs when there is a period during which an individual or entity does not have active
Insurance Protection
, often due to
Non-payment of premiums
or
Expiration of the policy
. This gap can lead to significant
Financial Risk
and may result in
Higher premiums
or
Denial of coverage
when
Reapplying for insurance
.
Concepts
Insurance Policy
Premium Payment
Risk Management
Financial Risk
Coverage Gap
Policy Renewal
Underwriting
Insurance Reinstatement
Grace Period
Coverage Period
Relevant Degrees
Insurance and Risk Sharing 70%
Public Revenue 20%
Company Law 10%
Start Learning Journey
Generate Assignment Link
Lessons
Concepts
Suggested Topics
Foundational Courses
Activity
Your Lessons
Your lessons will appear here when you're logged in.
Log In
Sign up