Under 40 P.S. § 510, how long after a PA life insurance policy lapses for nonpayment of premium may the insured apply for reinstatement (assuming the policy has not been surrendered for cash value)?

Why this is the answer

PA's standard reinstatement provision allows the insured up to 3 years from the date of premium default to reinstate the policy, conditioned on satisfactory evidence of insurability and payment of overdue premiums with interest, plus any policy loan.