Inforce
Inforce refers to insurance policies or contracts that are currently active and providing coverage. These policies are in effect and have not been canceled or lapsed. For example, a life insurance policy that is still valid and offers benefits to the policyholder or their beneficiaries is considered inforce.
Maintaining an inforce policy is important for individuals and businesses, as it ensures that they are protected against potential risks. Regular premium payments and adherence to the terms of the policy help keep it inforce, allowing policyholders to access the benefits when needed.