An Albany insured dies by suicide within two years of the policy's issue date. The policy contains New York's standard suicide provision. What is the result?

Why A is correct

Under N.Y. Ins. Law §3203(b)(1)(B), when the insured dies by suicide within two years of issue, the death benefit is denied and the premiums paid are returned. After two years from issue the suicide exclusion expires and the full benefit must be paid, so timing determines the outcome.

Why the other options are wrong

• B) Suicide within two years of issue falls squarely within the exclusion in §3203(b)(1)(B); only after two years must the benefit be paid.
• C) The statute requires the premiums to be returned to the beneficiary; a total forfeiture is not permitted.
• D) A graduated table of death benefits is the feature of the hazardous-occupation exclusion under §3203(b)(1)(D), not the suicide provision.

Memory hook

Suicide inside two years: no benefit, premiums back.