An Incontestability Clause Places a Time Limit on the Right

question 133

True/False

An incontestability clause places a time limit on the right of an insurance company to deny a claim.

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Definitions:

Spatial Equivalence

The concept that different physical spaces or arrangements can be perceived as similar or having the same value in terms of their spatial properties.

Draw a Penny

A cognitive task that tests memory and attention to detail by asking individuals to draw a penny from memory, highlighting how seldom people notice fine details of common objects.

Recognize

The ability to identify something as familiar or previously encountered, based on memory or prior knowledge.

Visual Recognition

The cognitive process by which the brain identifies and understands objects, faces, and symbols seen through the eyes.