On November 14, 2023, the Cayman Islands Insurance Association (CIIA) hosted our annual social cocktail party at the George Town Yacht Club.
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CIIA Cocktail Party Social 2023
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REINSTATEMENT
(1) Restoring a lapsed policy and putting it back in force. The reinstatement may be effective after the cancellation date, creating a lapse of coverage. Some companies require evidence of insurability and payment of past due premiums plus interest.
(2) A practice whereby the amount which has been the subject of a claim is reinstated in the policy on payment of an additional premium, thus reverting the amount of cover which was reduced by the claim to the original sum insured.