lapse

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Related to lapsed: Lapsed Policy

lapse

Health insurance Termination of coverage due to nonpayment within a specified time period
References in periodicals archive ?
Therefore, most of these policies have no surrender value when they are lapsed.
Every organization has a varying definition of a lapsed donor.
Since the NFIP lapsed, 20 people lost their lives in flash floods in Arkansas and in May, 29 people were killed in extreme flash flooding in Tennessee, Mississippi and Kentucky.
Mining lapsed pools for highly committed donors is the first step in identifying planned giving donors.
Nonprofits reacquire lapsed donors through alternate methods and have developed many different strategies to combat donor fatigue and other reasons donors become disinterested in giving.
All circuits would almost certainly apply Peterson to GSTs in which the power lapsed.
Earlier this month, two female patrons of a Huntington Beach nightclub lapsed into comas that lasted one to two hours after they apparently took the drug.
Under this reasoning, the liquidation right was deemed to have lapsed.
2514(e) provides that the lapse of a power is to be treated as a release of the power, but only to the extent that the property that could have been appointed by the exercise of such lapsed power exceeds the greater of $5,000 or 5% of the aggregate value of the assets out of which the lapsed power could have been exercised.
military personnel whose auto insurance policies lapsed solely due to their active duty deployment in Iraq or Afghanistan will be treated as if auto insurance coverage had been continuous during their overseas deployment.
The lapse of the withdrawal power would not be treated as a taxable gift by the grandchild unless the value fo the right exceeded the greater of $5,000 or 5% of the value of the assets out of which the lapsed power could be satisfied (Sec.
As long as the policy has not lapsed or been surrendered, the policy charges will stop at age 100 and the life insurance protection will continue.