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 ombudsman said Alega refused to reinstate Castillejo despite a CSC resolution issued on April 17, 2012, which found the MSWDO head guilty only of conduct prejudicial to the best interest of the service.
The resolution came after Prime Minister Hun Sen on Monday appealed to the owners of WandD to reinstate the workers, claiming they were incited by some people to demonstrate.
On Saturday Irani said in a tweet that she appeals to the V-C to reinstate the officials.
"The republican decree will reinstate fired military forces to their previous or similar positions," said Nora Dhaif Allah Qatabi, the committee spokesperson.
According to state media the decision to reinstate Nematandani came due to the failure of carrying out standard procedures after the suspension.
TELECOMWORLDWIRE-June 14, 2012--Bell reinstates medium term notes, debentures program(C)1994-2012 M2 COMMUNICATIONS http://www.m2.com
It added that 291 employees got jobs in other companies and 44 of those dismissed workers refused to be reinstated, although their employers agreed to reinstate them.
A compromise to reinstate a dismissed worker is acceptable even if the labour complaint is referred to the court, as any settlement between a worker and his employer is acceptable in any stage of the lawsuit.
Roberts, Brian 2B 11/02/2011 Reinstate From 60-day DL
In a statement, the FIA said that its World Motor Sports Council had "unanimously" agreed to reinstate Bahrain after a fact-finding mission to the kingdom this week.
I know you are aware of the petitions and Senate committees that are trying to reinstate the Royal Canadian Navy.
FBU official Les Skarratts said: "Given the unanimous decision of the tribunal and criticism of the Chief Fire Officer in this process we'd expect the Fire Authority to immediately reinstate, respect the decision of the tribunal, and act like decent people."