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 ?
There are two ways to replace the active donors who don't respond: lapsed renewal and new donor acquisition.
With a discretionary trust, the lapse of a power of withdrawal will be a taxable gift by the holder [subject to the application of the exception in section 2514(e)], except to the extent his or her creditors may reach the lapsed amount (Practical Drafting, October 1996, chapter nine, section F, page 4657).
When comparing with-profit policies, single premium business is lapsed less often than regular premium business.
The cost to reactivate a lapsed donor by telephone has been running at approximately $2 per reactivated donor, Christianson said.
LTC insurers typically deposit all checks they receive immediately upon receipt and, if they later determine funds have been remitted on a lapsed policy, they refund it by issuing a separate check.
2) After multiple attempts at treating the donor as lapsed, these donors might then be cycled back into acquisition efforts, where despite having been a long-time donor earlier in their lifetime, they are now spoken to as if they've never been supportive at all or are not recognized as a dedicated donor.
The voluntary termination rate equals the ratio of the number of lapsed or surrendered policies to the mean number of policies in force.
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.
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.
Customer Loyalty Program Established to Enable Customers to Renew Lapsed Support
With regard to the second issue, the letter ruling stated, "Because 1) the Employment Agreement conferred a preferred equity interest on Child's spouse that was senior to the decedent's retained interest, and 2) the decedent's liquidation right (that was inherent in his retained interest) lapsed as a result of the transfer, the execution of the Employment Agreement constituted a gift by the decedent for purposes of section 2704(a).