BASE Life Co has discovered a material error in unit pricing. The Central Bank must be informed if the error remains unresolved after what maximum period?

• A. 14 working days.
• B. 28 working days.
• C. One calendar month.
• D. 40 business days.

Answer: (D)

The main idea here is that there is a regulatory requirement to escalate and inform the Central Bank if a material error in unit pricing remains unresolved beyond a defined maximum period. The period is counted in business days to reflect actual working time, excluding weekends and holidays, which ensures the clock only runs when work can be done. Once that maximum window passes without resolution, informing the Central Bank is mandatory to maintain oversight and protect stakeholders.

Choosing the longest option makes sense because it provides enough time for proper investigation, root-cause analysis, remediation, and verification of fixes, without being arbitrarily short. Shorter windows may not allow sufficient investigation or corrective actions, and using a calendar month can vary in length depending on how days fall, making enforcement less precise. Therefore, the longest, business-days–based window is the appropriate threshold for escalation.