A clause in a policy of life insurance stating that the policy shall be incontestable after a specified period precludes only a contest of the validity of the policy and does not preclude the assertion at any time of defenses based upon provisions in the policy that exclude or restrict coverage, whether or not the restrictions or exclusions are excepted in such clause.
Structure Alaska Statutes
Chapter 45. Life Insurance and Annuities
Sec. 21.45.010. Applicability.
Sec. 21.45.020. Standards provisions required; return and refund.
Sec. 21.45.040. Incontestability.
Sec. 21.45.050. Entire contract.
Sec. 21.45.060. Misstatement of age.
Sec. 21.45.090. Table of values.
Sec. 21.45.100. Table of installments.
Sec. 21.45.110. Reinstatement.
Sec. 21.45.120. Payment of premiums.
Sec. 21.45.130. Payment of claims.
Sec. 21.45.140. Beneficiary, industrial policies.
Sec. 21.45.160. Excluded or restricted coverage.
Sec. 21.45.170. Standard provisions: annuity and pure endowment contracts.
Sec. 21.45.180. Grace period: annuities.
Sec. 21.45.190. Incontestability: annuities.
Sec. 21.45.200. Entire contract.
Sec. 21.45.210. Misstatement of age or sex: annuities.
Sec. 21.45.220. Dividends: annuities.
Sec. 21.45.230. Reinstatement: annuities.
Sec. 21.45.240. Standard provisions: reversionary annuities.
Sec. 21.45.250. Limitation of liability.
Sec. 21.45.260. Prohibited provisions: industrial life insurance.
Sec. 21.45.270. Incontestability, limitation of liability after reinstatement.
Sec. 21.45.280. Policy settlements.
Sec. 21.45.290. Indebtedness deducted from proceeds.
Sec. 21.45.300. Standard nonforfeiture law for life insurance.
Sec. 21.45.305. Standard nonforfeiture law for individual deferred annuities.