Which statements about reinstatement provisions are correct?

• A. I only
• B. II only
• C. Both I and II
• D. Neither I nor II

Answer: (A)

Reinstatement provisions let a lapsed life insurance policy be brought back into force if you meet certain conditions within a stated time frame. Typically you must pay all overdue premiums plus any interest, provide evidence of insurability (often through health underwriting), and cover any required fees. The policy terms you receive after reinstatement usually mirror the original terms, though some plans may reunderwrite or adjust terms if allowed. The reinstatement period is limited, and some policies may restart or affect the contestability period upon reinstatement.

I don’t have the exact text of Statements I and II, so I can’t determine why the option selecting only Statement I is correct. Please share the exact wording of Statement I and Statement II, and I’ll explain why Statement I fits standard reinstatement rules and how Statement II does or doesn’t fit, tying it to the given answer.