Meaning INCONTESTABILITY CLAUSE: Clause in a life insurance contract preventing the insurer from revoking the policy after it has been in force for a year or two if the life insurance company discovers any important facts that the policyholder may have concealed, such as experiencing a stroke
More terms such as Incontestability clause in Dictionary I.
- Definition Intraday:
- Examples Term meaning within the day, often to refer to the high and the low price of a stock incontestability clause definition.
- Definition Investment-Grade Bonds:
- Examples assigned a rating in the top four categories by commercial credit rating companies. S;P classifies investment-grade bonds as BBB or higher, and Moody's classifies investment grade bonds as Ba or incontestability clause explain.
- Definition In Play:
- Examples Often used in risk arbitrage. Company that has become the target of a takeover, and whose stock has now become a speculative issue incontestability clause what is.
- Definition Internal Measure:
- Examples The number of days that a firm can finance operations without additional cash income incontestability clause meaning.
- Definition Insolvency Risk:
- Examples The risk that a firm will be unable to satisfy its debts. Also known as bankruptcy risk incontestability clause abbreviation.
