incontestability provision
- incontestability provision
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A provision in a life insurance policy to the effect that the policy shall be incontestable from date or incontestable after a specified period, sometimes subject to express reservation of enumerated specific circumstances under which the provision shall not be operative, the effect of such a provision being to preclude the insurer from contesting the validity of the contract as such, the truthfulness of the answers to questions propounded to the applicant, and other matters ordinarily
constituting defenses, such preclusion, of course, being subject to the terms of the provision and the reservations contained therein. 29A Am J Rev ed Ins §§ 1107 et seq.
Ballentine's law dictionary.
Anderson, W.S..
1998.
Look at other dictionaries:
incontestability clause — in·con·tes·ta·bil·i·ty clause /ˌin kən ˌtes tə bi lə tē / n: a clause in an insurance policy that forbids the insurer from disputing the policy (as on the ground that the insured made false statements) after a set period of time Merriam Webster’s … Law dictionary
Incontestability Clause — A clause in most life insurance policies that prevents the provider from voiding coverage due to a misstatement by the insured after a specific amount of time has passed. A typical incontestability clause specifies that a contract will not be… … Investment dictionary
incontestability clause — A clause in a life or health insurance policy providing that after the policy has been in force for a given length of time (e.g. two or three years) the insurer shall not be able to contest it as to statements contained in the application; and,… … Black's law dictionary
incontestability clause — A clause in a life or health insurance policy providing that after the policy has been in force for a given length of time (e.g. two or three years) the insurer shall not be able to contest it as to statements contained in the application; and,… … Black's law dictionary
Yakus v. United States — Infobox SCOTUS case Litigants = Yakus v. United States ArgueDate = January 7 ArgueYear = 1944 DecideDate = March 27 DecideYear = 1944 FullName = Albert Yakus v. United States USVol = 321 USPage = 414 Citation = Prior = Subsequent = Holding = An… … Wikipedia
incontestable clause — See incontestability provision … Ballentine's law dictionary
noncontestable clause — See incontestability provision … Ballentine's law dictionary
