Vladimar recently applied for an individual disability insurance policy. During the application process, Vladimar did not disclose a previous injury because he believed it was not important. The policy was issued as applied for, and Vladimar accepted the policy and began paying his regular monthly premiums. Subsequently, the insurance company discovers that Vladimar failed to disclose the details of his previous injury. Given the insurance company’s discovery, which of the following CORRECTLY describes what action the insurer can take as a result of Vladimar’s failure to disclose his injury?

a). The insurer may void the policy on the basis of fraud, up to a maximum of 5 years from the policy issue date.

b). The insurer has a contestability period of 3 years in which it can void the policy for non-disclosure, or it can void the policy any time for fraud.

c). If the insurer discovers Vladimar’s omission after 12 months from the policy issue date, the insurer cannot void the policy.

d). If the insurer discovers Vladimar’s omission within 2 years of the policy issue date, the insurer can void the policy.