If any renewal Premium is not paid within the time granted the primary Enrollee for payment, a subsequent acceptance of Premium by us without also requiring an application for reinstatement, shall reinstate the Contract. However, if ALPHA requires an application for reinstatement and issues a conditional receipt for the Premium tendered, the Contract will be reinstated upon approval of such application by us, or, lacking such approval, upon the forty-fifth day following the date of such conditional receipt unless we have previously notified the Applicant in writing of our disapproval of such application.
The reinstated Contract shall cover only loss due to sickness that begins more than ten days after such date. In all other respects the Enrollee and ALPHA shall have the same rights thereunder as they had under the Contract immediately before the due date of the defaulted Premium, subject to any provisions endorsed hereon or attached hereto 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 sixty days prior to the date of reinstatement.
