Ohio Insurance Laws and Regulations Practice Exam

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Within how many years may Tim's lapsed individual life insurance policy be reinstated?

  1. 1

  2. 2

  3. 3

  4. 5

The correct answer is: 3

Explanation Tim's lapsed individual life insurance policy may be reinstated within 3 years. Option A and B (1 and 2 years) may not be enough time to reinstate the policy, while option D (5 years) may be too long and the policy may not be eligible for reinstatement. Therefore, option C (3 years) is the most suitable answer.

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