POLICY PROVISION

Question 1

A fraudulent statement on a health insurance application is grounds for a contest at any time unless the policy is guaranteed renewable

Answer 1

Time limit on certain defenses incontestability

Question 2

When can information be contested on a health application

Answer 2

Starting on the date but insurance company dates apology

Question 3

Requires the insured to seek a second opinion for

Surgeries that are on a list of elective surgeries

Answer 3

Mandatory second surgical opinion provision

Question 4

Ways in which the proceeds can be paid out or settled are explained

Answer 4

Settlement options

Question 5

Limits the way a court can review a claim
Denial and makes it difficult for the court
To conduct a fair review of the claim

Answer 5

Discretionary provision