What are the two major requirements for compliance with the Reinstatement Clause?

The two major requirements for compliance with the Reinstatement Clause typically involve demonstrating that the insured has maintained insurability and settling any overdue payments. Providing evidence of insurability ensures that the individual still qualifies for coverage based on their current health status, which is critical for the insurer to evaluate the risk associated with reinstating the policy. Paying past due premiums is equally essential, as it settles any outstanding financial obligations and reactivates the policy. This approach ensures that the insurer can maintain financial stability while also providing former policyholders the opportunity to regain coverage without having to reapply entirely.

The other options do not fully align with the specific criteria set forth in the Reinstatement Clause, focusing instead on requirements that may not be universally applicable or that lack the fundamental components of insurability and premium payment.