INCONTESTABILITY CLAUSE


Meaning of INCONTESTABILITY CLAUSE in English

Clause in a life insurance contract preventing the insurer from revoking the policy after it has been in force for a year or two and the life insurance company reveals any important facts about a policyholder who was not completely open with their past e.g. A policyholder not telling the life insurance company about a stroke.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.