31A-22-1411. Incontestability period.
- (1) For a policy or certificate that has been in force for less than six months, an insurer may rescind a long-term care insurance policy or certificate upon a showing of misrepresentation that 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 than two years, an insurer may rescind a long-term care insurance policy or certificate upon a showing of 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