lapse


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Related to lapse: lapse rate

lapse

Health insurance Termination of coverage due to nonpayment within a specified time period
References in periodicals archive ?
Second, OnTrack was successful at predicting lapse.
KARAK -- The Karak tehsil municipal administration employees' union president Intazar Gul has complained that the TMA is facing severe financial crunch due to the lapse of Rs20.23 million funds, as a result, the employees had not been paid salaries for last two months.
Prime Minister Ranil Wickremesinghe admitted today that there was a serious lapse in information gathering which resulted in the deadly Easter Sunday attacks.
'It means when he allowed it to lapse into law, these measures are okay for him.
Under the Constitution, bills sent to Malacaaang will lapse into law if the president does not approve or veto them 30 days after transmittal.
According to Panelo, Duterte probably had no objections about the renewal of the franchise to operate of the said media entities so he just allowed them to lapse into laws.
Social grant payment unused for more than 03 months will lapse
(3) As a result, the policyholder does not pay directly the expenses resulting from his decision to lapse and reenter; instead, these costs are "socialized" among all policyholders in the form of a (substantially) increased fee rate.
"But with the NFIP set to expire in about two weeks and no movement on the horizon, it's critical that we prevent a lapse that would disrupt the real estate market and leave thousands of families uninsured and vulnerable," said Menendez.
Congress avoided a lapse in the federal flood insurance program when the Senate voted 86-12 on July 31 to extend authorization for the program by four months to Nov.
It is set to lapse on July 31st and the Federal Board of Revenue (FBR) has cautioned of serious repercussions against tax evaders who don't come forth to avail this tax amnesty scheme.
For requests to increase or begin coverage that are on or before the last day of effective authorization; or if the carrier receives the application and payment within the lapse period and within 10 days of the date of request, the policy or coverage change may be issued and effective on the requested date in accordance with standard rules.