Incontestability Clauses Prevent the Insurer from Asserting Certain Defenses

question 60

True/False

Incontestability clauses prevent the insurer from asserting certain defenses.

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Definitions:

Local Market Problems

Issues and challenges specific to a particular geographic area or market that can affect the operation and success of businesses.

Unique Solutions

Customized or novel approaches specifically designed to solve a particular problem or meet unique requirements.

Patent

A legal document granted by the government giving an inventor exclusive rights to make, use, sell, and import an invention for a certain period of time.

Legal Protection

Safeguards provided by the law to individuals, organizations, or property against harm or infringement.