According to the incontestability clause,an insurer may avoid liability on a policy if the applicant concealed material information from the insurer.

Name: According to the incontestability clause,an insurer may avoid liability on a policy if the applicant concealed material information from the insurer.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The incontestability clause allows the insurer to avoid liability only in case of fraud or misrepresentation by the applicant, not for mere concealment of information.

According to the Incontestability Clause,an Insurer May Avoid Liability on a Policy