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 law permits the employer to hire a replacement to perform the injured worker's preinjury job while the worker was on leave, but once the injured worker is released for full duty, the employer must remove the replacement from the position and reinstate the injured worker.
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;
The sacked LHW's filed a petition against this removal and court ordered to reinstate all 17 LHW's, but the ANP government notified for 15 of them.
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.
As a related further initiative, the government decided to reinstate all of its employees and students that had been dismissed for speech activity and has been encouraging private sector employers to do the same.
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.
Islamabad, December 26, 2010 (Frontier Star): OGDCL management has refused to reinstate the sacked employees according to the rules and regulation of the Reinstatement Bill.
But the five-member Civil Service Commission voted 3-2 to reinstate Edwards.
Carolina Tobacco Company (CTC), a privately-held, leading manufacturer of "price-value" cigarettes sold under the brands ROGER([R]) and KINGSBORO([R]), today announced two settlements with the State of Oregon that reinstate the company's authorization to distribute its ROGER([R]) products in the state.
As a result, Batelco announced it would reinstate 102 staff; and earlier this week Formula One announced it would be taking back suspended workers, the IAA said.