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- Alaska Statutes.
- Title 21. Insurance
- Chapter 45. Life Insurance and Annuities
- Section 270. Incontestability, Limitation of Liability After Reinstatement.
previous: Section 260
. Prohibited Provisions: Industrial Life Insurance.
next: Section 280
. Policy Settlements.
AS 21.45.270. Incontestability, Limitation of Liability After Reinstatement.
- (a) A reinstated policy of life insurance or annuity contract 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 a 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 might have been or was excluded or restricted when the policy
or contract was originally issued, and the exclusion or restriction shall be effective from the date of reinstatement.
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