A coinsurance clause provides that after the lapse of a specified time the insurer cannot dispute the policy on the ground of misrepresentation or fraud of the insured or similar wrongful conduct.

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A coinsurance clause typically refers to a provision in an insurance policy that requires the policyholder to bear a portion of the costs of a claim. It does not relate to the insurer's ability to dispute the policy based on misrepresentation, fraud, or similar wrongful conduct by the insured.

A Coinsurance Clause Provides That After the Lapse of a Specified