Definitions for "Reinstatement provision"
A provision in an individual life insurance, health insurance, or annuity policy that describes the conditions a policyowner must meet for the insurer to reinstate such a policy. See also reinstatement.
A provision that describes the conditions the policy owner must meet in order for the insurer to reinstate the policy if it has lapsed due to non-payment of premiums.
a provision that describes the conditions a policy owner must meet in order for an insurer to reinstate a policy within a specified time after lapse.