State RegulationsNY specificDifficulty 2/5
Under N.Y. Ins. Law §3203(c)(1), a life policy may limit coverage for death from war under one of three permitted measures. Which of the following is one of them?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under N.Y. Ins. Law §3203(c)(1), a life policy may limit coverage for war-related death under one of three permitted measures: death within 6 months after military service ends; death within 6 months after the insured returns to the home area; or, for civilians, death within 2 years after issue. Under §3203(c)(5), any such war exclusion must terminate 6 months after the triggering event, so the limitation can never be open-ended.
Why the other options are wrong
- B) The 2-year measure applies to civilians and runs from the date of issue, not from the end of military service.
- C) Six months from the policy's issue date is not one of the permitted measures; the civilian measure is 2 years from issue.
- D) An open-ended war exclusion is not permitted: under §3203(c)(5) the exclusion must terminate 6 months after the triggering event.
Memory hook
War limits: 6 months after service or homecoming; civilians 2 years from issue.