§ 38.2-3912. Incontestability of policies
Every insurance policy or contract shall contain a provision that it shall be incontestable after it has been in force during the lifetime of the insured for two years from its date of issuance, except for nonpayment of the policy's assessments or premiums. In the case of life policies and at the option of the insurer, provisions relating to benefits in the event of disability and provisions which grant additional insurance specifically against death by accident or accidental means, may be excepted in the incontestability provision. This provision may be omitted if the time limit on the certain defense clause specified in § 38.2-3911 is included.
(1985, c. 400, § 38.1-549.13; 1986, c. 562; 1987, c. 520.)
Sections: Previous 38.2-3905 38.2-3906 38.2-3907 38.2-3908 38.2-3909 38.2-3910 38.2-3911 38.2-3912 38.2-3913 38.2-3914 38.2-3915 38.2-3916 38.2-3917 38.2-3918 38.2-3919 NextLast modified: April 16, 2009