§ 17-303. Incontestability

Latest version.

   Each policy of group life insurance shall contain a provision that:

   (1) the policy is incontestable, except for nonpayment of premiums, after the policy has been in force for 2 years after its date of issue; and

   (2) a statement made by an insured under the policy about insurability may not be used to contest the validity of the insurance as to which the statement was made unless:

      (i) the insurance has been in force before the contest for less than 2 years during the insured's lifetime; and

      (ii) the statement is in writing and signed by the insured.

HISTORY: An. Code 1957, art. 48A, § 428; 1996, ch. 11.

                    
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