A clause in any policy of life insurance providing that such policy shall be incontestable after a specified period shall preclude only a contest of the validity of the policy, and shall not preclude the assertion at any time of defenses based upon provisions in the policy that exclude or restrict coverage, whether or not such restrictions or exclusions are excepted in such clause.
Vt. Stat. Ann. tit. 8, § 3733
Excluded or restricted coverage in life insurance policies
Added 1967, No. 344 (Adj
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.