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LSDefine

Simple English definitions for legal terms

contestability clause

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A quick definition of contestability clause:

A contestability clause is a rule in an insurance policy that explains when and why the insurance company can challenge a claim or cancel the policy. This usually happens if the policyholder left out important information or gave false information when they first got the policy. The contestability clause usually only lasts for two years.

A more thorough explanation:

A contestability clause is a provision in an insurance policy that outlines the circumstances under which the insurer can challenge a claim or cancel the policy based on a misrepresentation or omission made when the policy was issued. This clause usually expires after two years.

For example, if someone applies for life insurance and fails to disclose a pre-existing medical condition, the insurer may use the contestability clause to deny a claim or cancel the policy if the person dies within the first two years of coverage.

Another example is if someone misrepresents their driving record when applying for car insurance, the insurer may use the contestability clause to cancel the policy or deny a claim if the person gets into an accident within the first two years of coverage.

These examples illustrate how the contestability clause protects insurers from fraudulent or inaccurate information provided by policyholders during the application process.

conterminous | contestatio litis

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18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
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hey yall
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im premed idk why im here
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we’re like cool and sexy and fun I get it
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thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
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