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incontestability clause - 2 dictionary results

incontestability clause

 
Use incontestability clause in a Sentence
–noun
a clause in a life-insurance or health-insurance policy stating that the insurer cannot contest the policy after a stated period of time.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Main Entry: in·con·tes·ta·bil·i·ty clause
Pronunciation: "in-k&n-"tes-t&-'bi-l&-tE-
Function: noun
: a clause in an insurance policy that forbids the insurer from disputing the policy (as on the ground that the insured made false statements) after a set period of time
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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