Under many forms of reinsurance and insurance, the payment of a claim reduces
an aggregate limit by the amount of the claim. Provision is sometimes made for
reinstating the policy limit to its original amount when the original limit has
been exhausted. Depending on policy conditions, it may be done automatically,
either with or without premium consideration (i.e., a reinstatement premium),
or it may be done only at the request of the insured in return for an
additional premium.