National Life & Accident Insurance v. Chapman

Franicum, Judge.

1. It is well settled that a provision in an insurance contract that the “policy shall be incontestable after it has been in force during the lifetime of the insured for a period of one year from the date of issue, except for nonpayment of premiums” is a valid, enforceable provision which operates to prevent an insurer, after the policy has been in force for a period of one year, from pleading facts to show the insurance contract as being invalid or void, except for the specified condition, and upon the happening of the event insured against, the insurer is liable to the…