State RegulationsAZ specificDifficulty 3/5
Which statement correctly compares Arizona's reinstatement windows?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
A.R.S. 20-1213 gives ordinary life policyowners 3 years from premium default to reinstate, while A.R.S. 20-2604 shortens the window to 2 years for variable life contracts. Identifying the product is essential before quoting a reinstatement window, because the two figures are the exam's favorite swap.
Why the other options are wrong
- B) ordinary life runs to 3 years, so a flat two-year statement is wrong.
- C) variable life is capped at 2 years, so a flat three-year statement is wrong.
- D) the figures are reversed; ordinary is 3 years and variable is 2.
Memory hook
Ordinary three, variable two.