The "incontestability clause" found in life insurance policies:
A) bars the insurer from objecting on the basis of the purchase of the policy with the intent to murder the insured.
B) bars the insurer from contesting its liability on the policy on the basis of the insured's misrepresentations if the policy has been in force for a specified period of time.
C) bars an insured from reinstating a lapsed policy that has not been surrendered for its cash surrender value.
D) bars the insurer from objecting on the basis of absence of insurable interest.
Correct Answer:
Verified
Q24: Simons purchased a home for $120,000,insuring it
Q25: Which of the following is not covered
Q26: If Geoff makes a fraudulent statement about
Q28: Douglas obtained a $100,000 insurance policy on
Q30: As a general rule,if an applicant suffers
Q31: The fire insurance policy on Dullard's home
Q32: The coinsurance clause:
A)requires the insured to insure
Q33: Which of the following statements is true
Q34: _ generally require that the insured pay
Q40: Malpractice insurance is similar to business liability
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents