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 Investment:
- Examples The creation of more money through the use of capital incontestability clause definition.
- Definition Investment Decisions:
- Examples Decisions concerning the asset side of a firm's balance sheet, such as the decision to offer a new product incontestability clause explain.
- Definition Ingot:
- Examples A bar of metal such as the type that the Federal Reserve System uses to store gold reserves incontestability clause what is.
- 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 meaning.
- Definition Insurance Broker:
- Examples A broker, independent of any insurance company, who represents the interests of the buyer in searching for insurance coverage at the lowest cost and providing the highest benefit to the buyer incontestability clause abbreviation.
