The provision should limit the time during which the insurance company may contest the validity of the insurance contract on the grounds of a material misrepresentation  in the application/proposal for insurance to two years. A material misrepresentation in an application for life insurance is a misrepresentation that is relevant to the insurer’s evaluation of the proposed insured. The misrepresentation is material when, if the truth had been known, the insurer would not have issued the policy or would have issued the policy on  a different basis, such as a higher premium or a lower face amount.  

Not Available

Not Avaiable