CONTESTABILITY CLAUSE

contestability  clause    (k<<schwa>>n-tes-t<<schwa>>-bil-<<schwa>>-tee).Insurance.      A policy provision setting forth when and under what conditions the insurer may contest a claim or void the policy based on a representation or omission made when the policy was issued. • Contestability clauses usu. lapse after two years. — Also termed contestable clause. Cf. INCONTESTABILITY CLAUSE. [Cases: Insurance  2950, 3121. C.J.S. Insurance §§ 536, 1636.] [Blacks Law 8th]