Incontestable clause

Incontestable clause,

Definition of Incontestable clause:

  1. Provision in life insurance policies under which the insurance company may void (typically within two years) an already issued policy if a material misstatement is discovered in the insurance application.

Meaning of Incontestable clause & Incontestable clause Definition

Incontestable Clause,

What Does Incontestable Clause Mean?

  1. A clause in a life or health insurance policy that provides a specific period (usually 2 years) during which the insurer can file a claim. After this period, claims can no longer be challenged for reasons other than non-payment of premium.

  2. Incontestable Clause can be defined as, Provides an insurance policy stating that the validity of the insurance contract cannot be challenged after two (or sometimes three) years.

Literal Meanings of Incontestable Clause

Incontestable:

Meanings of Incontestable:
  1. It cannot be debated.

Sentences of Incontestable
  1. Doesn't that mean that ministers make coherent and irreparable decisions on legal matters?

Synonyms of Incontestable

indisputable, irrefutable, incontrovertible, unquestionable, indubitable, not in doubt, beyond question, beyond dispute, beyond doubt, undeniable, unassailable, beyond a shadow of a doubt

Clause:

Meanings of Clause:
  1. The grammatical organizational unit, which is located directly below the sentence in the line, must include an essay and a preposition in traditional grammar.

  2. Articles, terms or conditions are specific and separate from an agreement, bill or agreement.

Sentences of Clause
  1. In each of the above sentences, the two sentences are connected by a series of sentences without a sentence.

  2. Agreements usually contain a provision of an electoral law that determines the applicable law.

Synonyms of Clause

set phrase, point, idiomatic expression, clause, article, locution, paragraph, item, term, construction, group of words, idiom, subsection, wording, passage, part, turn of phrase, word group, heading, phrasal idiom, section, note, phrasal verb, expression

Incontestable Clause,

How Do You Define Incontestable Clause?

  1. The non-transferable or non-controversial clause in the life insurance policy does not allow the insurance company to challenge the information provided in the claim after a certain period (usually two years).

  2. Definition of Incontestable Clause: Another name for objectionable clauses in life and health insurance. See suspicious clause.

  3. A policy provision in which the Company agrees not to challenge the validity of the Agreement for a specified period of time, usually two years after the ratification of the Agreement.

  4. An optional clause that may be used in a guaranteed renewable or revocable health insurance contract, provided that the insurer cannot challenge the validity of the contract after two (sometimes) three years of implementation.

Incontestable Clause,

Definition of Incontestable Clause:

A provision in a life insurance policy that allows the insurance company to terminate the contract for two calendar years from the date of issue of the policy if the policyholder does not disclose material information that would exclude them from coverage.