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 employee should not be equivocal about returning to work or ambivalent about the reinstatement succeeding, including letting go of past acrimony; and
The Texas Insurance Code provides, in relevant part, that "[i]f a reinstatement is contested for misrepresentation, no representation other than one causing the reinstatement may be used to contest the policy, any contest of the reinstatement may be for a material and fraudulent misrepresentation only and reinstatement may not be contested more than two years after it is effectuated.
While Cobra said the Commission's decision on temporary reinstatement was "significant and irreparable," the court said that "a coal operator's financial interest in avoiding wage payments to a reinstated miner who returns to his job in the coal mines pales in comparison to those interests that have been deemed sufficiently important to give rise to collateral order jurisdiction.
It is possible that reinstatement may play a role in clinical relapse pertaining to the reemergence of destructive behavior.
The Hamilton, Bermuda-based reinsurer says it expects $220 million in losses from Sandy after taxes and reinstatements.
a hearing on an application for temporary reinstatement is limited to a determination as to whether the miner's complaint was frivolously brought.
In a statement to Bahrain News Agency, member of the Shura Council's National Committee tasked with monitoring implementation of BICI recommendations Abdulaziz Abul lauded the efforts of His Majesty King Hamad, His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa, the Deputy Premiers and Labour Minister Jameel Humaidan for reinstatement of all public sector employees who have not been convicted in criminal cases in addition to the majority of private sector employees who have also been taken back.
The reinstatement of dismissed workers and/or students come in compliance with BICI's 1723, 1723A, B and C recommendations and Unesco's rules and regulations.
The $500 reinstatement fee will trap individuals in mounting fees resulting in greater levels of unemployment.
To this end NCRUG has been lobbying TAITH, Cheshire West and Cheshire Council (CWAC), Merseytravel and Halton Borough Council in order that associated Local Transport Plans (LTPs) include the reinstatement of a sensible service over the route however funding remains the biggest single obstacle.
A recent Court of Appeal decision (Lewis v Howick College Board of Trustees CA239/2010) outlines the test for practicability as regards reinstatement.
OSHA counter-attacked in the Federal District Court for the Middle District of Tennessee by obtaining a preliminary injunction May 19, compelling Fort's immediate reinstatement.