What action would reinstate Carl's lapsed policy?

For a lapsed insurance policy to be reinstated, the most common requirement is the acceptance of a late payment by the insurance company. When a policy lapses, it typically means that the premium payment was not received by the due date. If the insurer accepts a late payment, they essentially choose to overlook the lapse and allow the policyholder to continue coverage as if the payment had been made on time. This is a standard protocol that many insurance companies follow, as they want to maintain positive relationships with policyholders.

Other actions, such as sending a written notice or contacting an agent, do not automatically lead to policy reinstatement. The issuance of a reinstatement application might be relevant for some insurers, but it is the acceptance of the late payment that mainly signifies the restoration of the policy. Therefore, the correct action that directly reinstates Carl's lapsed policy is the acceptance of his late payment.