What is policy reinstatement after lapse and what conditions apply?

• A. Reinstatement restores a lapsed policy by paying overdue premiums with interest, providing evidence of insurability, and paying back any outstanding loans within a set period.
• B. Reinstatement is only possible if the policyholder buys a new policy.
• C. Reinstatement requires surrender of the policy and refund of all premiums.
• D. Reinstatement can be done at any time after lapse without requirements.

Answer: (A)