There is also no apprehension of the policy lapsing for nonpayment of premium because everything required to be paid by the policyholder was paid at the point of policy initiation. (easypolicy.com)
The resumption of coverage under a policy that has lapsed because of nonpayment of the premium after the grace period has ended. (policybazaar.com)
After 60 days, your insurer may only cancel for certain approved reasons, such as nonpayment of premium or losing your driving privileges. (carinsurance.com)