reinstatement

reinstatement
In insurance, a restoration of the insured's rights under a policy which has lapsed or been cancelled. To reinstate a policy holder or one who has allowed his policy to lapse does not mean new insurance or taking out a new policy, but does mean that the insured has been restored to all the benefits accruing to him under the policy contract, the original policy.
See also reinstate

Black's law dictionary. . 1990.

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  • reinstatement — index continuation (resumption), rehabilitation, renewal, replacement, restitution Burton s Legal Thesaurus. William C. Burton …   Law dictionary

  • Reinstatement — Re in*state ment ( ment), n. The act of reinstating; the state of being reinstated; re?stablishment. [1913 Webster] …   The Collaborative International Dictionary of English

  • reinstatement — 1797, from REINSTATE (Cf. reinstate) + MENT (Cf. ment) …   Etymology dictionary

  • reinstatement — The restoration of an insurance policy after it has lapsed for nonpayment of premiums. Bloomberg Financial Dictionary * * * reinstate re‧in‧state [ˌriːɪnˈsteɪt] verb [transitive] 1. to put someone back into a job or position of authority from… …   Financial and business terms

  • reinstatement — [[t]ri͟ːɪnste͟ɪtmənt[/t]] 1) N UNCOUNT: usu with poss Reinstatement is the act of giving someone back a job or position which has been taken away from them. Parents campaigned in vain for her reinstatement. 2) N UNCOUNT: usu with poss The… …   English dictionary

  • Reinstatement — 1. The process of re establishing the status of a person, company or law. 2. In regards to insurance, reinstatement allows a previously terminated policy to resume active coverage. Depending on the circumstance of the termination, such as failure …   Investment dictionary

  • reinstatement — noun 1. the condition of being reinstated her reinstatement to her former office followed quickly • Derivationally related forms: ↑reinstate • Hypernyms: ↑condition, ↑status 2. the act of restoring someone to a previous position we insisted on th …   Useful english dictionary

  • reinstatement — noun The act of restoring something to its previous state. Many people are unhappy with the sacking of the chief constable and demand his immediate reinstatement …   Wiktionary

  • reinstatement — reinstate ► VERB ▪ restore to a former position or state. DERIVATIVES reinstatement noun …   English terms dictionary

  • reinstatement order — An order by an employment tribunal that an employer re employs a dismissed employee on the same terms of employment with no loss of continuity of employment. Related links re engagement order employment tribunal …   Law dictionary

  • reinstatement of action — See reinstatement …   Ballentine's law dictionary

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