incontestability clause
- A term in an insurance policy that restricts the insurance company from challenging the policy—like claiming that the policyholder provided false information—after a certain period has passed
- The insurer cannot dispute the claims made by the policyholder due to the incontestability clause.
- Under the incontestability clause, the insurance company couldn't challenge the policy irrespective of the doubts they had regarding the policyholder's declarations.
- The incontestability clause in the insurance policy reduced the concern of the policyholder about future disputes with the insurer.
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