Life Insurance
Workers Compensation

Does an effective date mean the reinstatement date or policy effective date in a reinstatement policy document?


Top Answer
User Avatar
Wiki User
2014-09-17 15:33:37
2014-09-17 15:33:37

The effective date normally means the initial or policy effective date in a reinstatement date of policy document. It can not mean reinstatement date solely. Technically it is not starting effective.


Related Questions

User Avatar

The date of commencement should be the effective date of the policy only.

User Avatar

The Policy effective date is the date that your insurance coverage started under that policy.

User Avatar

execution date is the a document is signed and effective date is when the document becomes valid or goes into force.

User Avatar

The date as shown in the Certificate of Insurance, when coverage under this policy commences.

User Avatar

Technically, the policy lapsed. If a covered loss occurred before reinstatement, the insurer would arguably be justified in denying coverage. However, if the reinstatement was retroactive to the lapse date (which would probably occur if the reinstatement occurred quickly), and if you have been with the insured for some time, coverage may be extended to the intervening loss.

Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.