The insured must pay all past-due premiums and a stated amount of interest along with proof of insurability to secure reinstatement.

Question

Quizplus · Accepted Answer

This statement accurately describes the process of reinstating an insurance policy that has lapsed due to non-payment of premiums. The policyholder must pay all outstanding premiums and interest, and provide evidence of insurability before the policy can be reinstated.

The Insured Must Pay All Past-Due Premiums and a Stated