Under NY Ins. Law § 3203(a)(10), a lapsed NY life insurance policy may generally be reinstated within how many years from the date of lapse, subject to evidence of insurability and payment of past-due premiums with interest?

Why this is the answer

NY Ins. Law § 3203(a)(10) requires every standard life policy to allow reinstatement within 3 years of lapse, provided the insured furnishes evidence of insurability satisfactory to the insurer and pays all past-due premiums with interest at a rate fixed in the policy. After reinstatement, only statements in the reinstatement application can be contested, for the policy's contestable period (§ 3210); the original 2-year incontestability does NOT restart for the policy as issued. 1-, 2-, and 5-year windows are non-conforming.