My school/business insurance lapsed but I have a new policy. Can I reinstate?

Yes, as long as you are able to provide current liability insurance at the time of reinstatement.  You must be non-operational until you are reinstated.  If you are in violation of this requirement and provide unlicensed, uninsured services, you may face monetary sanctions up to $2500.00 per day of uninsured activity or be denied the ability to reinstate or reapply for a license or certification.