§ 27-15-4 — Life Insurance Policy Provisions - Incontestability

There shall be a provision that the policy, exclusive, at the option of the insurer, of provisions relating to disability benefits or to additional benefits in the event of death by accident or accidental means, shall be incontestable, except for nonpayment of premiums, after it has been in force during the lifetime of the insured for a period of two years from its date of issue.

Legislative History

(Acts 1967, No. 181, p. 543; Acts 1971, No. 407, p. 707, §349.)