FIRST POLICY YEAR

first policy year.Insurance. The first year of a life-insurance policy that is to be automatically

renewed annually. • This statutory phrase prohibits an insurer from using the policy’s suicide

exclusion as a defense — and refusing payment on the policy — when an insured commits suicide

after the first year of the policy. The insurer can invoke the suicide exclusion as a defense to

payment only if the insured commits suicide in the first policy year. [Cases: Insurance 2434(1),

2594(5), 3125. C.J.S. Insurance §§ 850–858.][Blacks Law 8th]