Examlex
Incontestability Clause
A part of an insurance contract that precludes an insurance company from challenging statements in an insurance application after a certain period of time.
State Mandated
Requirements or actions imposed by state governments that must be complied with by individuals or entities within that state.
Premium
An insurance payment.
Payment Exchange
A system or platform that facilitates the transfer of money between parties, enabling the settlement of transactions electronically.
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