At AIA, we’ve changed our reinstatement rules for policies that have been lapsed for 180 days or more.
Any business submitted 180 days after the date of lapse or cancellation will be treated as new business requiring an AIA Living Application Form to be completed, making it simpler and faster to issue and full commission is paid to the adviser.
Summary of changes (if lapsed for 180 days or more)
Replacement requirements are no longer required
No authority is required for accessing previous cover (if different advisers)
New application is required
Full commission is paid to eligible adviser
Click below to access the latest update to Rules to Reinstate Policies
