Which life insurance clause prohibits an insurance company from questioning the validity of the contract after a stated period of time has passed?

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16-08-2022
Social Studies

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Which life insurance clause prohibits an insurance company from questioning the validity of the contract after a stated period of time has passed?

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tripatsingh039 tripatsingh039 · Answer 1 · 2022-08-19T20:10:27+02:00

An incontestable clause life insurance clause prohibits an insurance company from questioning the validity of the contract after a stated period of time has passed.

The Transferee is an insurance company whose primary and dominant line of business is the writing of insurance or the reinsuring of risks underwritten by insurance company, and which is governed by the insurance commissioner or a comparable official or agency of a state, U.S. territory, or the District of Columbia.

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