Rewrite to new account on a future date beyond the policy term

When you rewrite a policy to a new account, the effective date of the policy can be a future date beyond the policy term and any pending renewals. Policy transactions on the source policy have some restrictions.

In the illustration below, Account #1 is the source policy with a cancellation date of July 1, 2020. Account #2 is the rewritten policy with an effective date of March 1, 2025.

The following table shows restrictions for policy transactions on the source policy.

Policy transaction	Restriction
Submission	Not applicable.
Policy Change	Not allowed on and after the effective date of the rewritten policy (Term D).
Cancellation	Not allowed on and after the cancellation date of the source policy. Does not differ from the usual behavior.
Reinstatement	Not allowed on and after the start date of the rewritten policy (Term D), because the reinstated period would overlap the rewritten policy. In addition, a canceled period that overlaps the start date of the rewritten policy cannot be reinstated.
Rewrite	Not allowed on and after the start date of the rewritten policy because the rewritten policy overlaps Term D or its successors. Rewrite is allowed if the expiration date does not overlap term D.
Renewal	Not allowed on or after the effective date of the rewritten policy (Term D). Term C can be renewed as long as the expiration date does not overlap the effective date of Term D.
Audit	Allowed.
Rewrite New Account	Not allowed.