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| REINSTATEMENT |
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If any renewal Premium is not paid in full within the time granted the subscriber for payment, a later acceptance of Premium in full by the carrier or by any agent authorized by the carrier to accept the Premium, without requiring a reinstatement application in connection with the acceptance of the Premium in full, shall reinstate the Contract. However, if the carrier or the agent requires an application for reinstatement and issues a conditional receipt for the Premium tendered, the Contract will be reinstated upon approval of the application by the carrier or, lacking approval, upon the forty-fifth day following the date of the conditional receipt unless the carrier has previously notified the subscriber in writing of its disapproval of the reinstatement application.
The reinstated Contract shall cover only loss resulting from accidental injury sustained after the date of reinstatement and loss due to sickness that begins more than ten days after the date of reinstatement. In all other respects the subscriber and carrier shall have the same rights under the reinstated Contract as they had under the Contract immediately before the due date of the defaulted premium, subject to any provisions endorsed on the Contract or attached to the Contract in connection with the reinstatement. Any Premium accepted in connection with a reinstatement shall be applied to a period for which premium has not been previously paid, but not to any period more than 60 days prior to the date of reinstatement. If the date of Contract termination was more than 60 days prior to the date of reinstatement, you must complete new enrollment forms and pay the enrollment fee as well as the annual premium. |
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