A clause in any policy of life insurance providing that the policy shall be incontestable after a specified period shall preclude only a contest of the validity of the policy. Such a clause shall not preclude the assertion at any time of defenses based upon provisions in the policy which exclude or restrict coverage, whether or not the restrictions or exclusions are excepted in the clause.
Section: Previous 23-81-107 23-81-108 23-81-109 23-81-110 23-81-111 23-81-112 23-81-113 23-81-114 23-81-115 23-81-116 23-81-117 23-81-118 23-81-120 23-81-121 23-81-122 NextLast modified: November 15, 2016