True/False
A contestability clause bars the insurer from contesting its liability on the policy on the basis of the insured's misrepresentations if the policy has been in force for a specified period of time (usually ten years).
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: Explain the right of subrogation.
Q3: Which of the following statements is true
Q4: Term life insurance develops a cash surrender
Q5: Insurance companies need not wait until litigation
Q6: Whole life insurance contracts:<br>A) require the insured
Q7: Douglas obtained a $100,000 insurance policy on
Q8: For the insurance to be valid, the
Q9: If Geoff makes a fraudulent statement about
Q10: In insurance policies with an incontestability clause
Q11: If property covered by a valued policy