The Incontestable Clause: What It Means for Insurers and Policyholders.
The incontestable clause protects insurers from fraudulent or unintentional misrepresentations made by policyholders after a certain period of time. Insurance policies are designed as contracts between an insurer and a policyholder, which outline the coverage, terms, and conditions. One critical element of these policies is the incontestable clause, which allows an insurer to deny or … Read more