What Is the Effect of an Incontestability Clause

question 50

Multiple Choice

What is the effect of an incontestability clause?

• A) The insured cannot file a claim more than a specified time following the insured event.
• B) The insurer cannot challenge the information in the application after a specified time.
• C) The insured is required to not challenge the statements made by its own insured.
• D) The state is prevented from challenging any claim payment decisions of the insurer.
• E) The insurer is prevented from canceling an insurance policy due to nonpayment.

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