Under NY Ins. Law § 3203(b), the suicide exclusion period for an ordinary individual life policy and for an industrial life policy are, respectively:

Why this is the answer

Section 3203(a) reaches "All life insurance policies, except as otherwise stated herein, delivered or issued for delivery in this state," and the only carve-out in § 3203(f) is the closing line "This section shall not apply to group life insurance." Industrial life is individual life, so it sits inside the same rule. Section 3203(b)(1)(B) then permits exactly one suicide exclusion — "suicide within two years from the date of issue of the policy" — and the section never uses the word "industrial" at all. Nor is a shorter period hiding elsewhere: § 4213, the section that governs industrial life insurance, contains no suicide provision. Both policy types therefore carry the same two-year window. Inside it the insurer does not simply walk away: under § 3203(b)(3), where the policy has been in force not more than two years, it owes the gross premiums charged, less dividends and any policy indebtedness. After two years suicide is a covered cause of death. Cutting the industrial period to one year, or stretching either period to three, states a rule New York does not have.