A stipulation that limits the time the insurer has to dispute the information provided in the policy contract. This clause usually takes effect two or three years after the policy begins. In health insurance, this clause further states that claims cannot be denied due to a preexisting condition, except for those expressly named in the contract. In life insurance, this clause further states that a death benefit cannot be denied due to misrepresentation by the insured of their health condition at the time he or she took the policy out.
Related information about incontestable clause:
- Incontestable Clause: Definition from Answers.com
Section in a life insurance policy stating that after the policy is in force two years, the company cannot void it because of misrepresentation or concealment.
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The incontestable clause in its simplest form provides that: "This policy is incontestable after two ... "The purpose of the incontestable clause is to protect com-. 1.
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Definition of incontestable clause: A stipulation that limits the time the insurer has to dispute the information provided in the policy contract. This clause usually ...
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Every insurance company has the right to contest a death claim on a life insurance policy during the first 2 years of the policy. When the claim is contested , the ...
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Definition of incontestable clause: Provision in life insurance policies under which the insurance company may void (typically within two years) an already issued ...
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incontestable clause - A clause in a life or health insurance policy that stipulates a given length of time (usually 2 years) during which the insurer may contest ...
- incontestable clause -- Britannica Online Encyclopedia
Life insurance policies contain various clauses that protect the rights of beneficiaries and the insured. Perhaps the best-known is the incontestable clause, which ...
- Incontestable Clause
Definition of "Incontestable Clause". ' 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 ...