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Simple English definitions for legal terms

non-contestability clause

Read a random definition: in terrorem

A quick definition of non-contestability clause:

A non-contestability clause is a rule in an insurance policy that says the insurance company has to question anything in the application within a certain time. This stops the company from refusing to pay out if they find out later that the application had mistakes or lies.

A more thorough explanation:

A non-contestability clause is a provision in an insurance policy that prevents the insurance company from denying coverage based on fraud or errors in the application when a claim is made by the policyholder. This clause requires the insurance company to challenge any statement in the application within a specific time frame.

Let's say John applies for life insurance and states that he has never smoked. The insurance company approves his application and issues him a policy. A few years later, John dies of lung cancer. The insurance company cannot deny coverage based on the fact that John lied about his smoking history because the non-contestability clause in the policy prevents them from doing so.

Another example could be a person who has a pre-existing medical condition that they did not disclose on their insurance application. If the insurance company does not challenge this within the specified time frame, they cannot deny coverage based on this pre-existing condition when a claim is made.

These examples illustrate how a non-contestability clause protects the policyholder from having their coverage denied based on errors or omissions in their application that were not challenged by the insurance company within the specified time frame.

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18:13
Babycat are you drinking the chemical waters
BulbasaurNoLikeCardio
18:13
Told them this is ridiculous and they took $140 off so my patience has been bought. Now I need to find another distraction from this shitty teacher
18:13
Original price was 460 they just ripped ya off
18:13
jk that is nice
babycat
18:14
@EvolBunny: I love fluoride 😍😍😍
18:14
omg me too
BulbasaurNoLikeCardio
18:15
@EvolBunny: I am fine with them making their cut and all that but I bought it with an adjustable gas block, new LVPO and foregrip so I just have a bunch of parts and ammo with no way to shoot it
@BulbasaurNoLikeCardio: i mean getting paid for their incompetence is based
18:15
they think you are going to attack dj trump
BulbasaurNoLikeCardio
18:18
@BulbasaurNoLikeCardio: they blaimed it on their IT team for not updating it as out of stock when I paid but like buying something in stock in September then being told I won't get it until mid January is pretty wild. I do not hunt anymore but their mistake would of caused me to miss the entire season. If it wasn't so hard to get left handed ARs I would of gone elsewhere
oh that's kind of worth more than $140
that's at least $300
18:19
@BulbasaurNoLikeCardio: what you gonna do when january hits and they are like "it still isnt here come back in april"
BulbasaurNoLikeCardio
18:20
Its a $600 part, they already covering shipping and paying the tax so $140 is an additional 25% off.
BulbasaurNoLikeCardio
18:20
If it doesn't come January I am going to just say fuck it and toss everything on the right handed upper and just eat gas.
18:21
You should have said to refund you or give 300 off
18:21
wasp is wasp
18:21
knows how be rich and demand shit lmfao
i am atheist not protestant
18:22
same thing tho ya? - catholic
BulbasaurNoLikeCardio
18:23
Ill just keep arguing for more money off until I get it or they end up paying me to take it lmao
18:24
what other guns ya got
are we losing hope for gtown lol
yeah i dont think gtown does A's this late unfortunately
18:25
it is like 630 on a friday there bud
18:25
think it is safe to say it aint happenin today\
damn it was a slow day today
BulbasaurNoLikeCardio
18:26
I got a custom built Leftie ar15 I run suppressed, a regular ar15, a .270 axis savage bolt gun, xd9, xd40 and have my AR10 I run suppressed.
BulbasaurNoLikeCardio
18:26
I do not think we will see a wave until after thanksgiving. Adcoms will be nice and not ruin someones thanksgiving with an R
18:28
ruin my thanksgiving law schools uwu
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