The Incontestability Clause Typically Indicates That the Insurance Company Will

question 109

Multiple Choice

The incontestability clause typically indicates that the insurance company will not challenge the validity of statements made in the insurance contract

• A)after a specified period of time,if the incorrect statements were either honest mistakes or unintentional omissions.
• B)after a specified period of time,regardless of why the misstatements or omissions were made.
• C)after the contract is accepted by the company,if the incorrect statements were either honest mistakes or unintentional omissions.
• D)after the contract is accepted by the company,regardless of why the misstatements or omissions were made.

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Definitions:

Short-Term Prediction

The process of forecasting an event, such as an earthquake or volcanic eruption, within a relatively brief time period before it occurs.

Earthquake Event

A sudden and violent shaking of the ground, often caused by movements within the Earth's crust or volcanic activity.

Evacuation

The process of moving people away from a dangerous or potentially dangerous place to a safer location.

P-Wave Shadow Zone

The area of the Earth's surface where P-waves from earthquakes are not detected due to their refraction and reflection within the Earth's interior.