A payment made by an insured party to reinstate a life insurance policy after it has lapsed. When coverage is discontinued for nonpayment of premium, the insured may be responsible for the missing premiums. Policy continuation may only be offered for a limited time and only following the payment of the reinstatement premium.
Related information about reinstatement premium:
- reinstatement premium - Insurance Glossary
reinstatement premium - A prorated insurance or reinsurance premium charged for the reinstatement of the amount of a primary policy or reinsurance coverage ...
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Definition of reinstatement premium: A payment made by an insured party to reinstate a life insurance policy after it has lapsed. When coverage is discontinued ...
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Reinstatement Premium - A pro rata reinsurance premium is charged for the reinstatement of the amount of reinsurance coverage that was reduced as the result ...
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premium for a catastrophe treaty when reinstatement premium is considered. The paper ... In this paper we will limit the discussion to reinstatement premium that ...
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Reinstatement Premium: An additional premium paid to replenish (reinstate) the limit consumed in the event of a loss. Reinsurance: The transfer of some or all of ...
- reinstatement premium protection reinsurance agreement
Aug 13, 2009 ... Reinstatement Premium Protection Reinsurance Agreement - This Reinsurance Agreement Involves United Insurance Holdings Corp. , United ...
- American Capital Assurance Corp. - Florida State Board of ...
catastrophe reinsurers. A Reinstatement Premium Protection (RPP) treaty will pay the reinstatement premiums required to reinstate the limits after a loss. VII.
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Oct 9, 2010 ... (a) Calculate the reinstatement premium after the loss if the reinstatement provision is pro rata as to amount, but not pro rata as to time.