An initial period—generally the first two years that the policy is in force—during which the insurance company has the right to cancel a policy based on any false statements made by the insured.
The period of time after a certificate is issued during which a company can contest the certificate and deny a claim. This period is usually two years but is limited to one year in several states.
If the insured dies within a two year period from the date of issue or any lapse, the insurer may contest the validity of the policy due to material misrepresentation.
The time period during which the insurer may contest the validity of the policy due to such things as material misrepresentations found in the application. This time period is usually two years following the Issue Date.
This is the period when a life insurer may exercise its right to contest the life insurance contract for reasons of misrepresentation or concealment. The exact length of the period is specified in the contract under the incontestable clause.
A period of up to 2 years that an insurance company may deny payment of a claim because of suicide or a material misrepresentation on your application.
A period of time during which the insurer can cancel or contest the policy. For life insurance, the contestable period is normally two years.
The period of time (generally up to two years after date of issue) during which the insurer has the legal right to contest the validity of a life insurance policy because of misleading or incomplete information furnished by the applicant. This is a safety feature for beneficiaries, since it places the burden of discovering misleading or false information to the insurance company. Once the contestable period expires, even if erroneous information is later discovered, the company is generally required to pay policy proceeds to the beneficiary at the insured's death.
A period of time, usually two years, during which the insurance company can declare a life insurance contract null and void due to misrepresentation or concealment by the insured during the application and issuance process. Once the stated constable period has elapsed, the insurance company cannot cancel the policy for any reason other than non payment of premiums.
the time during which an insurance company can legally contest or deny the validity of a policy. Usual period is 2 years from the date of issue. Fraudulent statements made on the application with the intent to deceive may be contested throughout the life of the contract. Smoker\nonsmoker questions will be treated as fraud and contested if answered incorrectly.
This is the period of time (usually two years) the insurance company has to make any contests about the policyowner's application.
Clause that allows the insurance company to void coverage, usually within the first year or two after issue, for reasons such as misstatements or Concealments on the application.
The time during which an insurer has the right to cancel or rescind an insurance policy if the application contained a material misrepresentation. See also incontestability provision.
The period of time (usually two years) during which an insurer may challenge the validity of a life insurance policy. See also incontestable clause.
