INCONTESTABILITY
Applied in 2 court decisions — leading case Cardenas v. United of Omaha Life Insurance (2013)
Most recently applied in Mutual of Omaha Life Insurance Company v. Johnny Costello (January 2014)
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff
(a) Except as provided by Subsection (b), a life insurance policy must provide that a policy in force for two years from its date of issue during the lifetime of the insured is incontestable, except for nonpayment of premiums.
(b) At the option of the company, a life insurance policy may provide that the policy may be contested at any time for violation of policy conditions relating to naval and military service in a time of war.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.