Reinstatement
Auto Insurance
The process by which a life insurance company puts a policy back in force after it lapsed because of nonpayment of renewal premiums.
- — Glossary of Common Auto Insurance Terms retrieved 2014-05-19
Homeowners Insurance
The process by which a life insurance company puts a policy back in force after it lapsed because of nonpayment of renewal premiums.
- — Glossary of Common Homeowners Insurance Terms retrieved 2014-05-16
Life Insurance
The restoration of a lapsed policy to full force and effect. The company requires evidence of insurability and payment of past due premiums plus interest.
- — Glossary of Life Insurance Terms retrieved 2014-05-16
Patent
Restoration of the enforceability of a patent.