B. Policy Riders, Provisions, Options and Exclusions-Incontestability Clause

Incomplete applications usually returned for completion

Incontestability Clause

They may be waiving their rights under incontestability

Incontestability Clause

a. Allows insurer to contest a claim during first two (2) years

Incontestability Clause

a. Even if insurer knows the insured lied

Incontestability Clause 1. All claims must be paid after two (2) years, regardless

c. This clause protects insurer for first two (2) years, protects the insured thereafter

Incontestability Clause 1. All claims must be paid after two (2) years, regardless

d. Related to the entire contract clause

Incontestability Clause 1. All claims must be paid after two (2) years, regardless

b. Policy is incontestable after two (2) years

Incontestability Clause 1. If insured lied about a material fact on application

e. If the insurer accepts an incomplete application

Incontestability Clause 1. The application is admissible in court if attached to policy at issue