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    <description>The operative rule is that the contractually specified commencement date of an insurance policy, or the date on which a lapsed policy is validly reinstated, is the effective date for measuring time bound provisions such as the suicide exclusion; earlier events like proposal submission or issuance of an initial premium receipt are not the relevant dates for counting exclusionary periods.</description>
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      <description>The operative rule is that the contractually specified commencement date of an insurance policy, or the date on which a lapsed policy is validly reinstated, is the effective date for measuring time bound provisions such as the suicide exclusion; earlier events like proposal submission or issuance of an initial premium receipt are not the relevant dates for counting exclusionary periods.</description>
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