Commercial Law, 2012 Bar — Question 35

MULTIPLE CHOICE

The “incontestability clause" in a Life Insurance Policy means — A) that life insurance proceeds cannot be claimed two (2) years after the death of the insured. B) that two (2) years after date of issuance or reinstatement of the life insurance policy, the insurer cannot anymore prove that the policy is void ab 1'n1't1'o or rescindable by reason of fraudulent concealment or misrepresentation of the insured. C) that the insured can still claim from the insurance policy after two (2) years even though premium is not paid. D) that the insured can only claim proceeds in a life insurance policy two (2) years after death.

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