Glossary entry (derived from question below)
Romanian term or phrase:
readucere in vigoare
English translation:
reinstatement
Added to glossary by
Lavinia Pirlog
Dec 25, 2009 23:51
14 yrs ago
Romanian term
Romania
Romanian Spanish English French Trados
Native in: Romanian
Works in: Spanish to Romanian, English to Romanian, Romanian to Spanish, and 3 more.
readucere in vigoare
Romanian to English
Bus/Financial
Insurance
asigurari
Readucere in vigoare = procesul prin care un contract anulat/reziliat este reluat prin plata primelor conform conditiilor contractuale initiale.
In luna in care se readuce in vigoare un contract, suma retinuta ca fond de rezerva se returneaza intermediarul odata cu plata comisionului daca intermediarul este activ.In cazul in care intermediarul nu este activ suma retinuta nu se returneaza.
Daca readucerea in vigoare este realizata de un alt intermediar decat cel initial si contractual este in anul I, intermediarul nu primeste commision. Primeste comision de reinnoire incepand cu anul II conform schemei de comisionare.
In luna in care se readuce in vigoare un contract, suma retinuta ca fond de rezerva se returneaza intermediarul odata cu plata comisionului daca intermediarul este activ.In cazul in care intermediarul nu este activ suma retinuta nu se returneaza.
Daca readucerea in vigoare este realizata de un alt intermediar decat cel initial si contractual este in anul I, intermediarul nu primeste commision. Primeste comision de reinnoire incepand cu anul II conform schemei de comisionare.
Proposed translations
(English)
| 4 +8 | reinstatement |
Sandra & Kenneth Grossman
|
Proposed translations
+8
8 hrs
Sandra & Kenneth Grossman
Israel
Israel
Native in Romanian
&
English
Works in field
Israel
Quality, Reliability, Experience.
Native in: English 
, Romanian
Works in: French to English, Hebrew to English, Romanian to English, and 3 more.
Related KudoZ points
:
12
Selected
reinstatement
Reinstate
To renew insurance coverage after a lapse. For example, if premiums are not paid in a timely fashion and a policy lapses, it may be reinstated within a specific period of time if the policy holder remains insurable. The option to reinstate coverage must be weighed against the potential advantages and disadvantages associated with a new policy. These might include changes in premium costs and the resetting of provisions for contestability and suicide.
http://www.investorwords.com/4153/reinstate.html
Reinstatement Provision
A provision that describes the conditions a policy owner must meet in order for an insurer to reinstate a policy within a specified time after lapse.
http://www.metaglossary.com/meanings/494844/
Common Life Insurance Provisions
"to reinstate the policy, the policyholder must provide evidence of insurability; ...
http://thismatter.com/money/insurance/types/life/contract/co...
To renew insurance coverage after a lapse. For example, if premiums are not paid in a timely fashion and a policy lapses, it may be reinstated within a specific period of time if the policy holder remains insurable. The option to reinstate coverage must be weighed against the potential advantages and disadvantages associated with a new policy. These might include changes in premium costs and the resetting of provisions for contestability and suicide.
http://www.investorwords.com/4153/reinstate.html
Reinstatement Provision
A provision that describes the conditions a policy owner must meet in order for an insurer to reinstate a policy within a specified time after lapse.
http://www.metaglossary.com/meanings/494844/
Common Life Insurance Provisions
"to reinstate the policy, the policyholder must provide evidence of insurability; ...
http://thismatter.com/money/insurance/types/life/contract/co...
4 KudoZ points awarded for this answer.
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