Which of the following clauses protects the insurers from intentional or unintentional material or informative misrepresentation from an insurance applicant?

Question

Quizplus · Accepted Answer

The incontestability clause protects the insurer from intentional or unintentional material or informative misrepresentation from an insurance applicant. This clause allows the insurer to contest a policy only during the contestability period, which is typically the first two years after the policy is issued. After this period, the policy is considered "incontestable," meaning that the insurer cannot challenge the validity of the policy based on misrepresentation.

Which of the Following Clauses Protects the Insurers from Intentional