Under standard California life insurance practice and Ins. Code § 10113.5, an insurer that includes a suicide exclusion in a life policy may invoke it for how long after issue?

Why this is the answer

California aligns the suicide clause with the 2-year incontestability period under Ins. Code § 10113.5. If the insured dies by suicide within 2 years of policy issue, the insurer's obligation is limited to a refund of premiums paid; if the suicide occurs after 2 years, the insurer must pay the full death benefit. The 2-year clock runs from the date of issue, not from delivery. (a) and (b) are too short. (d) is wrong because perpetual exclusion would defeat the policy's whole purpose for an insured at risk of long-term mental health issues; CA law caps the exclusion at 2 years.