Incontestable Clause
A clause that states an insured's statements in his application cannot be contested by the insurer after the policy has been in effect for a given time (two or three years). For example, in life policies, if an insured lied about the condition of his health at the time the policy was taken out, that lie could not be used to contest payment under the policy if death occurred after the time limit stated in the incontestable clause.
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