Meaning Contestability Period
What does Contestability Period mean? Here you find 3 meanings of the word Contestability Period. You can also add a definition of Contestability Period yourself
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Contestability PeriodThe time period during which the insurer is can deny a claim if it finds material misrepresentations were made in the application. This period usually covers the first two years a policy is in force. A policy becomes "incontestable" when the contestability period is over.
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Contestability PeriodThe time period during which the insurer is can deny a claim if it finds material misrepresentations were made in the application. This period usually covers the first two years a policy is in force. [..]
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Contestability PeriodIn most cases the life insurance company has two years to find any material misrepresentations in a contract.
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