Lapsed Policy
Auto Insurance
A policy that has terminated for non-payment of premiums.
- — Automobile Insurance Definitions retrieved 2014-05-19
- — Glossary of Auto Insurance Terms retrieved 2014-05-19
A policy that has terminated at renewal for non-payment of premium.
- — Auto Insurance Glossary retrieved 2014-05-19
Homeowners Insurance
A policy that has terminated at renewal for non-payment of premium.
- — Homeowners Insurance Glossary retrieved 2014-05-16
Life Insurance
A policy terminated at the end of the grace period because of nonpayment of premiums. (See Nonforfeiture Values.)
- — Glossary of Life Insurance Terms retrieved 2014-05-16