Reinstatement policy transactions

Reinstatements are a type of policy change that returns a canceled policy to in force status. The policy becomes in force again as of the reinstatement date. The reinstatement removes the cancellation from the policy period. Hence, the policy expiration date remains the same.

In a reinstatement policy transaction, you cannot reinstate with a lapse in coverage or change the policy expiration date. To reinstate with a lapse in coverage, you must do a rewrite policy transaction. For more information, see Rewrite policy transactions.

Note: In PolicyCenter, the user interface uses the term policy transaction to refer to submissions, policy changes, and other policy transactions. Policy transactions are implemented as jobs in the data model, and referred to as jobs in PCF files, Gosu classes, and other configuration files. Therefore, the configuration documentation refers to policy transactions as jobs.

A reinstatement policy transaction can be started either manually in the PolicyCenter Policy File or programmatically.

From the policyholder’s perspective, a reinstated policy is no different than the original policy. However, PolicyCenter tracks the reinstatement as a policy transaction.

Reinstatement has the following features:

You can reinstate a canceled policy.
The reinstated policy cannot have a lapse in coverage.
You cannot make changes to the policy in a reinstatement.
You cannot reinstate a canceled policy with a new expiration date.