Yes. In the event a case is cancelled, a reinstatement application and instructions are sent to the TPA. Application for reinstatement must be made within 15 days of the date of cancellation notification. The following conditions apply to reinstatement:
The application for reinstatement must be signed and dated by an authorized
representative of the Insured.
The effective date for reinstatement will be the day following the last day for which premium was paid.
All overdue and current premium amounts must be submitted with the application for reinstatement.
The Insured (or its duly authorized representative) must submit monthly loss reports and experience data as requested by BRM.
BRM’s receipt and deposit of overdue premium in connection with the application for reinstatement does not constitute acceptance of liability on behalf of the insurer. In the event BRM does not approve reinstatement, its sole obligation shall be to refund the unearned premium.
No coverage is considered reinstated until BRM confirms the reinstatement in writing. Such confirmation or denial will be made within five (5) working days of receipt of the required items.