This clause in regular life insurance policy provides for voiding the contract of insurance for up to two years from the date of issue of the coverage if the life insured has failed to disclose important information or if there has been a misrepresentation of a material fact which would have prevented the coverage from being issued in the first place. After the end of two years from issue, a misrepresentation of smoking habits or age can still void or change the policy.

Life insurance policy clause that sets a time limit on the insurer's right to contest a policy's validity based on misstatements in the application, usually two years.

A policy provision stating that the insurer cannot challenge the validity of your policy after it has been in force for a certain period of time, generally two years. (See also "Contestable" and "Contestable Period.")

a provision in a life insurance policy that limits the insurer's ability to deny claims on policies obtained through misrepresentations. Once the contestability period has elapsed, the insurance company is no longer permitted to cancel the policy except for nonpayment of premium (or in rare cases such as impersonation, intent to murder or lack of insurable interest.) see Contestability Period.

A provision in a life insurance policy stating that the insurer cannot contest a policy once it has been in force two years during an insured's lifetime.

Provides that, for certain reasons such as misstatements on the application, the company may void a life policy after it has been in force during the insured's lifetime, usually one or two years after issue.

A provision in the insurance policy that defines a time limit, generally two years, after which the insurance company agrees not to dispute the validity of the policy. During the contestable period, the insurance company may contest the contract based on any misstatement or presentation of false information by the insured at the time of application.

A provision that states the insurer may not void the coverage or deny a claim after the coverage has been in force a certain period of time (usually two years), based upon misstatements made by the insured in the application, except in cases of fraud.

A provision in a life insurance policy that prevents the insurer from revoking coverage because of alleged misstatements by the insured after a specified period, usually about two years.

A policy provision that states that the insurer may not contest the validity of a policy after the policy has been in force for a period of time (usually two years).

A clause that says the insurer cannot contest the statements contained in the policy application after a policy has been in effect for a given length of time, usually two to three years.

A clause in a policy providing that after a policy has been in effect for a given length of time (two or three years), the insurer shall not be able to contest the statements contained in the application. A health insurance provision also states that after that time no claim shall be denied or reduced on the grounds that a condition not excluded by name at the time of issue existed prior to the effective date. In life policies, if an insured lied as to the condition of his health at the time the policy was taken out, that lie could not be used to contest payment under the policy if death occurred after the time limit stated in the incontestable clause.

A provision that states that after a policy has been in force for a certain length of time (generally two years) the insurer cannot deny a claim, unless the premium has not been paid.

Life insurance policy clause that provides a time limit (usually two years) on the insurer's right to dispute a policy's validity based on material misstatements made in the application. See also contestable period. | Back

A clause in a life insurance policy that lets the life insurance company void the policy for up to two years from when the policy was issued if the life insured failed to disclose important information or misrepresented a material fact that would have prevented the policy from being issued. This limit doesn't apply in cases of fraud.

A provision in a policy that the insurer may not contest the validity of an insurance contract after it has been in force for two (sometimes three) years.

A policy provision in which the company agrees not to contest the validity of the contract after it has been in force for a certain period of time, usually two years.

A life insurance policy wording that provides a time limit (e.g. two years) on the insurer's right to dispute a policy's validity based on material mistatements in the application.

A clause which provides that the insurer may not contest the validity of the contract after it has been in force for a period of years.

An optional clause which may be used in noncancelable or guaranteed renewable Health Insurance contracts providing that the insurer may not contest the validity of the contract after it has been in force for two (sometimes three) years.

A clause in life policies which provides that after the policy has been in force for two years, during the lifetime of the insured, the company may not challenge the validity of the policy.