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Life Insurar Life Insurance Certification Exam O 00-08:31 Question #16 of 50 Restoration of a lapsed policy as it was origina
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B) REINSTATEMENT

Reinstatement is the act of claiming a position after it has been removed from a person or an entity. In policy terms it is the restoration of a policy that has been terminated. In terms of insurance, it means that the policyholder gets back the policy after it has become void for lack of payment.

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