Which of the following is required to reinstate a lapsed policy?

To reinstate a lapsed policy, the policyholder must typically complete an application for reinstatement and pay any outstanding premiums along with interest. This process ensures that the insurer has updated information regarding the policyholder's health and circumstances since the policy lapsed, which is critical for assessing the risk associated with reinstating the coverage.

Providing proof of health is one component that may be necessary, but it alone is not sufficient for reinstatement. Similarly, simply paying the past due premiums without the necessary application or interest payments does not fulfill the requirements. Terminating the old policy would also not be a valid course of action for reinstatement, as it would effectively remove the coverage rather than reinstating it.

Thus, completing the application and paying the premiums with interest aligns with standard industry practices for reinstating an insurance policy, ensuring that the insurer has all necessary information to evaluate the reinstatement effectively.