§ 26-16-501 — Incontestability and limitation of liability after reinstatement

(a) A reinstated life insurance policy or annuity contract
may be contested because of fraud or misrepresentation of facts
material to the reinstatement only for the same period following
reinstatement and with the same conditions and exceptions as the
policy provides for contestability after original issuance.
(b) If any life insurance policy or annuity contract is
reinstated, the reinstated policy or contract may exclude or
restrict liability to the same extent that the liability could
have been or was excluded or restricted when the policy or
contract was originally issued. The exclusion or restriction is
effective from the date of reinstatement.