Final answer:
A reinstated health insurance policy typically has a waiting period before covering losses, often d) 30 days, to prevent fraudulent claims for issues that arose during the lapse.
Step-by-step explanation:
The question pertains to the time frame in which a reinstated health insurance policy becomes effective and starts covering losses. Reinstatement of a health insurance policy means that the coverage is put back into force after it has lapsed, usually due to non-payment of premiums. Once reinstated, the coverage will typically not begin immediately; there is usually a waiting period before losses can be covered. The specific waiting period can vary depending on the policy's terms and the insurance company's regulations, but common waiting periods include 30 days, which is intended to prevent fraud by discouraging individuals from reinstating and claiming immediately for an issue that arose while the policy was lapsed.
Without the specific policy details or insurance company guidelines, the general answer to when a loss would be covered after reinstatement is not definitive. However, option d) 30 days is a frequently encountered waiting period in many insurance policies. This waiting period serves as a safeguard for insurance providers to ensure that the policyholder does not take advantage of the coverage retroactively for an issue that arose during the lapse in coverage.