31A-22-1411 - Incontestability period.
31A-22-1411. Incontestability period.
(1) For a policy or certificate that has been in force for less than six months, an insurermay rescind a long-term care insurance policy or certificate upon a showing of misrepresentationthat is material to the acceptance for coverage.
(2) For a policy or certificate that has been in force for at least six months but less thantwo years, an insurer may rescind a long-term care insurance policy or certificate upon a showingof misrepresentation that:
(a) is material to the acceptance for coverage; and
(b) pertains to the condition for which benefits are sought.
Enacted by Chapter 344, 1995 General Session