This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
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Contestability Period

The time period during which the insurer is not obligated to pay a claim (usually two years, but depending on state law) because of material misrepresentations found in the application or in information obtained by the insurer. A policy becomes “incontestable” when the contestability period is over. Courts refer to this as a “time limit on certain defenses.”

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