Simulator-Time does NOT count towards "Total Flight time"-if your insurance would accept Sim-Time, that´s fine…but i doubt that they do.
Even in the AW139 course (completely done on Sim), the regs require to do (i believe) 10 hours in the aircraft AFTER receiving the TR to be able to legally fly it…
Regarding the type rating-i see this different.
From the moment you pass the rating, you get a piece of paper.
Your type rating will expire 12 month after the date shown on that piece of paper.
If it takes 1 month to issue your new license, you would only have a TR for 11 month-that does not sound "right"..
I had the occasion where my old rating was lapsed, but i had to do a ferry, so went to do a check ride, and called the CAA.
With their approval (a written statement), my old license (and the "expired rating" on it) and the check ride form i could then do the ferry…..