Which Statement About the Incontestable Clause Is True

question 50

Multiple Choice

Which statement about the incontestable clause is true?
I.It protects the beneficiary if the insurer tries to deny a claim years after the policy is issued.
II.If protects the insurer from having to pay a claim during the first two years if the insured made a material misrepresentation or concealed material information in the application.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Creative Decision Making

The process of exploring alternative solutions to problems or opportunities in novel and nontraditional ways to arrive at effective solutions.

Reversal Technique

A strategy used in problem-solving or creativity that involves considering the opposite of what is expected or assumed.

New Ideas

Refers to original or novel thoughts, concepts, or perspectives that have not been previously considered or explored.

Core Purpose Statement

A declaration that identifies the fundamental reason an organization exists, beyond just making a profit.