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Reika [66]
3 years ago
12

"The __________ provision specifies what an insured must do, if a policy has lapsed, in order to put it back in force."

Business
1 answer:
Vesna [10]3 years ago
6 0

Answer:

The correct answer is Reinstatement.

Explanation:

The Reinstatement provision specifies what an insured must do, if a policy has lapsed, in order to put it back in force.

A reinstatement clause is a clause in insurance policy which grants the policy owner the right to reinstate a lapsed policy for specified reasons, such as non-payment of premiums, by furnishing satisfactory evidence of insurability and paying all unpaid premiums.which grants the policy owner the right to reinstate a lapsed policy for specified reasons, such as non-payment of premiums, by furnishing satisfactory evidence of insurability and paying all unpaid premiums.

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