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  2. - Definition from Insuranceopedia What Does Reinstatement Mean? Reinstatement is the act of claiming a position after it has been removed from a person or an entity. In terms of insurance, it means that the policyholder gets back the policy after it has become void for lack of payment.

    www.insuranceopedia.com/definition/482/reinstate…

    Regarding insurance, reinstatement allows a previously terminated policy to resume effective coverage. In the case of nonpayment, the insurer may require evidence of eligibility, such as an updated medical examination for life insurance, and full payment of outstanding premiums.

    www.investopedia.com/terms/r/reinstatement.asp
     
  3. People also ask
    What is reinstatement of health insurance?Reinstatement of health insurance refers to the process of restoring a health insurance policy that has lapsed, or been cancelled, due to non-payment of premiums or other reasons. When a health insurance policy lapses, it means that the coverage provided by the policy has ended and is no longer in effect.
    What happens if a health insurance policy is reinstated?The reinstated coverage is usually issued at the same premium and under the same conditions as the original policy, although the insurance company does have the right to attach a rider to the policy that modifies the coverage in some way, usually limiting coverage based on new health history it discovers from the reinstatement application.
    What causes reinstatement of health insurance?Reinstatement in health insurance happens due to various reasons including: Non-payment of the outstanding premium (s). Change in the health conditions leading to denial of coverage. However, the most common scenario that requires reinstatement of health insurance is the exhausted sum insured due to claims made during a policy year.
    Does a reinstatement clause reset a policy?Reinstatement clauses don't usually reset a policy’s terms, but they do allow the policy to restart coverage for future claims. A reinstatement clause is part of an insurance policy that stipulates when coverage can begin again after a recent accident.
     
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