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  3. Study Set
    Law for Business
  4. Exam
    Exam 37: Insurance-Part Seven Commercial Paper
  5. Question
    _____ Bars an Insurer from Challenging Its Liability on a Policy
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_____ Bars an Insurer from Challenging Its Liability on a Policy

Question 3

Question 3

Multiple Choice

_____ bars an insurer from challenging its liability on a policy on the basis of an insured's misrepresentations if the policy has been in force for a specified period of time.


A) Reinstatement clause
B) Pro rata clause
C) Incontestability clause
D) Coinsurance clause

Correct Answer:

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