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LSDefine

Simple English definitions for legal terms

lapsed policy

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A quick definition of lapsed policy:

A lapsed policy is an insurance policy that is no longer active because the policyholder has not paid the required premiums. This means that the policy is no longer providing coverage for the insured person or property. Most policies have a grace period of 30-31 days after nonpayment of premiums, but after that time, the policy will lapse. It is important to keep up with premium payments to ensure that your insurance policy remains active and provides the coverage you need.

A more thorough explanation:

A lapsed policy is an insurance policy on which the policyholder has failed to make premium payments. This means that the policy is no longer in effect and the policyholder is no longer covered by the insurance. Most insurance policies have a grace period of 30 or 31 days after nonpayment of premiums, but after that time, the policy will lapse.

For example, if John has a life insurance policy but fails to make his premium payments for two months, his policy will lapse and he will no longer be covered by the insurance.

lapsed legacy | lapse patent

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NosyBeagle
15:37
ayo what's good im a 25-26 cycler
NosyBeagle
15:37
yeah you can shake dick or whatever it is guys do on there idk
post balls or something idk
15:38
yeah but I wouldnt make as much would i
idk man ask Johnny Sins I'm sure he makes bank
are you on your sigma male grindset or not
15:39
yeah well i aint johnny sins if you know what im saying
15:39
just a normal guy
you aren't bald
15:39
true
you could wear a bald cap
NosyBeagle
15:40
johnny sims is like the barbie of porn
NosyBeagle
15:40
he's been a doctor, a teacher, etc lol
ronniedoeslaw
15:40
2025-2026 seems like there's a huge increase in law school applications
NosyBeagle
15:41
i think all of you guys should wait til georgetown accepts me next year to send in ur apps cus im just a girl
15:42
nah
ronniedoeslaw
15:43
allen iverson represent
NosyBeagle
15:43
misogyny!
you guys just make up new guys every day
AngryMiniCar
15:45
Anyone do anything special to prep for the RC section in the LSAT or have any tips/tricks? I've improved a lot on LR usually -1/ -3 but it doesn't help that my RC is consistently -10 lol
15:46
@ronniedoeslaw: Im a CP guy, love watching CP, I hope I get to watch CP for a long time
@AngryMiniCar: read the economist and the new yorker a lot
ronniedoeslaw
15:47
@NemoPropheta: CP is dope & a true legend. Spurs are going to be exciting to watch next year with a possible playoff run
holy fuck I thought CP was something different
15:49
😝
15:49
Ima miss Pop tho, but Wemby and CP are gonna put up some numbers
ernest hemmingway can suck me , go blazers
NosyBeagle
15:56
@windyMagician: woah is this true? how does this help with rc?
@JupitersMoons: who wouldnt think that means custom product
@NosyBeagle: bc the only way to improve at rc is to read more material that's the same level of complexity as lsat passages
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