N.J.S.A. 17B:25-17 — Incontestability; limitation of liability after reinstatement

17B:25-17. Incontestability; limitation of liability after reinstatement a. A reinstated policy of life insurance may be contested on account 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 with respect to contestability after original issuance. b. When any life insurance policy is reinstated, such reinstated policy may exclude or restrict liability to the same extent that such liability could have been excluded or restricted when the policy was originally issued, and such exclusion or restriction shall be effective from the date of reinstatement. L.1971, c. 144, s. 17B:25-17.

This is the verbatim text of N.J.S.A. 17B:25-17, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.