Final answer:
The standard maximum deferment period for a cash surrender value under nonforfeiture laws is typically 6 months; none of the given options in the question is correct. Policy specifics can vary, and it's important to consult the individual policy or insurance provider for accurate details.
Step-by-step explanation:
The question pertains to the nonforfeiture law and asks how long a cash surrender value payment can be deferred by an insurance company. Based on the standard nonforfeiture laws, especially the Model Standard Nonforfeiture Law for Life Insurance as suggested by the National Association of Insurance Commissioners (NAIC), the typical maximum deferment period for a cash surrender value is 6 months, not any of the options given (1 year, 2 years, 5 years, or 10 years). Therefore, none of the options A, B, C, or D is correct in a standard context.
However, terms and conditions can vary with different policies and jurisdictions, so it's essential for policyholders to review their individual policy contracts or consult with their insurance provider for specific details regarding their nonforfeiture benefits.