- non-contestability clause
-
n.an insurance policy provision which requires the insurance company to challenge any statement in the application for the insurance within a specific time. This prevents the company from denying coverage on the basis of fraud or error in the application when a claim is made by the policyholder.
Law dictionary. EdwART. 2013.
non-contestability clause
Look at other dictionaries:
Non-Contestability Clause — 1. A provision in a person s will designed to stop beneficiaries from contesting the will. The provision states that if beneficiaries try to contest the will, their potential inheritances will be effectively redistributed to other beneficiaries.… … Investment dictionary
non-contestability clause — Clause in insurance policy that precludes insurer from contesting policy on basis of fraud or mistake after a specified period of time (e.g., two years) when insured has acted thereon to his detriment by payments of premiums and foregoing other… … Black's law dictionary
non-contestability clause — Clause in insurance policy that precludes insurer from contesting policy on basis of fraud or mistake after a specified period of time (e.g., two years) when insured has acted thereon to his detriment by payments of premiums and foregoing other… … Black's law dictionary
no contest clause — Provision in a will to the effect that the legacy or devise is given on condition that no action is taken to contest the will; and if such action is initiated, the legacy or devise is forfeited. See also non contestability clause … Black's law dictionary
no contest clause — Provision in a will to the effect that the legacy or devise is given on condition that no action is taken to contest the will; and if such action is initiated, the legacy or devise is forfeited. See also non contestability clause … Black's law dictionary
List of law topics (N-R) — NOTOC Law [From Old English lagu something laid down or fixed ; legal comes from Latin legalis , from lex law , statute ( [http://www.etymonline.com/index.php?search=law searchmode=none Law] , Online Etymology Dictionary; [http://www.m… … Wikipedia
Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… … Wikipedia
