Multiple Choice
The "incontestability clause" found in life insurance policies:
A) bars the insurer from objecting on the basis of the purchase of the policy with the intent to murder the insured.
B) allows the insurer to contest its liability on the policy only if the policy has been in force for a specified period of time.
C) bars an insured from reinstating a lapsed policy that has not been surrendered for its cash surrender value.
D) allows the insurer to object on the basis of absence of insurable interest.
Correct Answer:
Verified
Correct Answer:
Verified
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