Which of the following is an example of "policy conditions"?

The time period during which a policy is active is indeed an example of "policy conditions." Policy conditions outline the essential provisions that dictate how a policy functions, including important timeframes, obligations of both the insurer and the insured, and the circumstances under which coverage applies. This timeframe creates clear expectations for both parties regarding when the coverage is in force and when it is not, making it a fundamental aspect of the policy's terms.

Understanding the active period of a policy is crucial, as it informs the insured of their coverage limits and when they might need to renew or reassess their needs. While the other choices relate to various aspects of the policy, such as specific risks, endorsements, or additional coverage options, they do not fit the definition of "policy conditions," which specifically includes stipulations about the duration and contractual obligations within the policy framework.