Question

Under an individual Health Insurance policy, the Time Limit of Certain Defenses provision states that non-fraudulent misstatements first become incontestable:

A) After one year from the policy's effective date

B) After two years from the policy's effective date

C) After three years from the policy's effective date

D) Immediately upon policy issuance

Answer 1

The Time Limit of Certain Defenses provision in an individual Health Insurance policy usually declares non-fraudulent misstatements incontestable after two years from the policy's effective date.

Step-by-step explanation:

Under an individual Health Insurance policy, the Time Limit of Certain Defenses provision typically states that non-fraudulent misstatements become incontestable after a certain period from the policy's effective date. In most cases, this period is two years, meaning that after two years from the policy's effective date, the insurance company may not use those misstatements as a reason to deny a claim or rescind the policy, provided they were not fraudulent. Therefore, the correct answer is B) After two years from the policy's effective date.