In plain English
This means putting a policy back into active status after it stopped being active. The policy had lapsed or been cancelled, and this action makes it apply again.
In context
Here, it labels the action of restoring a recently inactive policy so it is in effect again.
- Situation
- Renewing, changing, cancelling, and retrieving policy documents
- What it communicates
- labels an action for bringing a recently inactive policy back into place
Meaning limits
The term alone does not specify why the policy became inactive or any conditions that may apply to restoring it.
Examples
“After the policy lapsed, they asked the insurer to reinstate the policy.”
“Her only reason for calling was to reinstate a cancelled policy.”