Reinstatement

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Reinstatement

The restoration of an insurance policy after it has lapsed for nonpayment of premiums.

Reinstatement

The act of an insurer putting an insurance policy back into effect after it has lapsed because of missed premium payments. Generally speaking, a policyholder is under no legal obligation to make premium payments, but if he/she fails to do so, the insurer has the right to rescind the policy. Reinstatement may require proof of continued eligibility for the policy and may also require the policyholder to pay back all missed premium payments.
References in periodicals archive ?
The employer must reinstate the worker to his preinjury, regularduty job.
If a leave of absence has lasted more than 90 days, the law says the employer must reinstate a returning employee to the position he or she would have had if no service call-up had occurred.
Only just over one-third of adults (36%) believe that companies will reinstate annual salary increases that match or exceed inflation if they were cut while 23% say they will not and 41% are not at all sure;
I am like any other passenger who uses flights to travel and it is risky to use planes which have not been serviced since all the engineers and technicians have been sacked, I therefore order KQ to reinstate them with immediate effect", the judge ruled.
In the government's endeavour to restore matters back to normal and in the spirit of national reconciliation, the government directed all private companies to reinstate 2,462 dismissed workers.
Since the end of November, when the BICI released its report, the government through the Ministry of Labor has been in high level discussions with private sector employers with regard to dismissed employees, and recommended that BATELCO and other private employers reinstate employees.
Global Banking News-November 15, 2011--IMF to reinstate credit programme in Afghanistan(C)2011 ENPublishing - http://www.
Auto Business News-29 March 2010-Chrysler to reinstate 50 dealerships(C)2010 ENPublishing - http://www.
Commissioners saw fit to reinstate fired LAX cop Anthony Edwards, who was arrested and convicted when he pleaded no contest to a public-nuisance charge that grew out of his lewd behavior to two teenage girls.
While Bush has no plans to reinstate a draft, he could be forced into it by events," noted Newsweek writer Jonathan Alter.
Pan American Airways has been ordered to reinstate a pilot following court proceedings filed by the Air Lines Pilots Association (ALPA).
Another 150,000 taxpayers will restructure or reinstate previous pacts.