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Non-Contestability Clause |
Also found in: Wikipedia | 0.02 sec. |
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Non-Contestability Clause 1. A clause in an insurance contract giving the insurance company a certain, limited period of time during which it may contest a claim on the grounds of fraud or something similar. A non-contestability clause protects a policyholder from the risk of non-payment of a claim. 2. In a will, a clause forbidding beneficiaries from contesting the will. A non-contestability clause states that any contest of the will results in the contester's inheritance to other beneficiaries. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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