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    Reinstatement is the process of restoring an entity to its former position, and in insurance terms refers to allowing a previously terminated policy to resume effective coverage.
    www.investopedia.com/terms/r/reinstatement.asp
    the act of bringing back something that was previously removed or stopped: The reinstatement of trading restrictions was condemned in the financial press.
    dictionary.cambridge.org/dictionary/english/reinstat…
    In short, reinstatement means taking the employee back on the same terms and conditions of employment as if the dismissal of the employee never occurred, which would apply as from the date of award of reinstatement and with continuity of employment intact.
    labourguide.co.za/general/reinstated-what-does-it-…
    Reinstatement refers to the process of restoring an insurance policy or coverage that has lapsed or been canceled. It is essentially a way to revive your insurance policy and regain the benefits and coverage it provides.
    livewell.com/finance/what-does-reinstatement-mea…
    : to place again (as in possession or in a former position) 2 : to restore to a previous effective state
    www.merriam-webster.com/dictionary/reinstate
     
  3. People also ask
    What is insurance reinstatement?Reinstatement is the process of restoring an entity to its former position, and in insurance terms refers to allowing a previously terminated policy to resume effective coverage.
    What is a reinstatement clause?A reinstatement clause is an insurance policy clause that states when coverage terms are reset after the insured individual or business files a claim due to previous loss or damage. Reinstatement clauses don't usually reset a policy’s terms, but they do allow the policy to restart coverage for future claims.
    Does life insurance have a reinstatement process?The reinstatement process is not the same for every type of insurance policy or upheld in the same way by every insurance company. Some life insurance companies may allow the reinstatement of a policy, even if the insured has gone past its grace period. Reinstatement requirements may vary among life insurance providers.
    What is the reinstatement period?This is known as the reinstatement period. Once this period expires, reinstatement may no longer be an option. The length of the reinstatement period can vary depending on the insurance policy and provider, so it is important to be aware of this timeframe.
     
  4. Dictionary

    re·in·state·ment
    [ˌrēənˈstātm(ə)nt]
    noun
    reinstatement (noun) · reinstatements (plural noun) · re-instatement (noun) · re-instatements (plural noun)
    1. the action of giving someone back a position they have lost:
      "the student body gave its support to the two expelled students and demanded their reinstatement"
      • the restoration of something such as a law or custom:
        "others have demanded the reinstatement of the death penalty"
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  6. WebAug 12, 2023 · A reinstatement clause is an insurance policy clause that states when coverage terms are reset after the insured individual or

  7. WebUpdated: Nov 8, 2023, 12:15pm. Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' …

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