How many days does an insurance company have to reject a reinstatement application before it is automatically reinstated?

The correct answer is 45 days because under Florida law, specifically referencing the rules regarding reinstatement of lapsed insurance policies, an insurer that receives a reinstatement application must act on it within this timeframe. If the insurer does not reject the application within 45 days, the application is deemed automatically approved, thereby reinstating the policy without further action from the policyholder. This provision helps protect consumers by ensuring that they are not left indefinitely in limbo regarding their coverage status. Understanding this time frame is crucial for both policyholders and insurance professionals to ensure compliance with state regulations and to maintain appropriate communication regarding policy reinstatement processes.