A clause in any policy of life insurance providing that the policy shall be incontestable after a specified period shall preclude only a contest of the validity of the policy. Such a clause shall not preclude the assertion at any time of defenses based upon provisions in the policy which exclude or restrict coverage, whether or not the restrictions or exclusions are excepted in the clause.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 81 - Life Insurance Policies And Annuities
Subchapter 1 - General Provisions
§ 23-81-103. Life insurance — Standard provisions required
§ 23-81-104. Life insurance — Grace period provision
§ 23-81-105. Life insurance — Incontestability provision
§ 23-81-106. Life insurance — Integrity of contract and alteration of contract provisions
§ 23-81-107. Life insurance — Misstatement of age provision
§ 23-81-108. Life insurance — Dividend provision
§ 23-81-109. Life insurance — Adjustment of loan interest rates provision
§ 23-81-110. Life insurance — Table of installments provision
§ 23-81-111. Life insurance — Reinstatement provision
§ 23-81-112. Life insurance — Payment of premiums provision
§ 23-81-113. Life insurance — Payment of claims provision
§ 23-81-114. Life insurance — Excluded or restricted coverage clauses limited
§ 23-81-115. Life insurance — Limitation of liability
§ 23-81-116. Life insurance — Holding of proceeds
§ 23-81-117. Life insurance — Indebtedness deducted from proceeds
§ 23-81-118. Life insurance — Refund of certain premiums and payment of proceeds
§ 23-81-120. Life insurance — Unnamed beneficiaries prohibited
§ 23-81-121. Annuity and pure endowment contracts — Standard provisions required
§ 23-81-122. Annuity and pure endowment contracts — Grace period provision
§ 23-81-123. Annuity and pure endowment contracts — Incontestability provision
§ 23-81-124. Annuity and pure endowment contracts — Integrity of contract provision
§ 23-81-125. Annuity and pure endowment contracts — Misstatement of age provision
§ 23-81-126. Annuity and pure endowment contracts — Dividend provision
§ 23-81-127. Annuity and pure endowment contracts — Reinstatement provision
§ 23-81-128. Reversionary annuities — Standard provisions required
§ 23-81-129. Incontestability of life insurance policy or annuity contract after reinstatement
§ 23-81-130. Registered life insurance policies and annuity contracts — Deposit of reserves
§ 23-81-131. Registered life insurance policies and annuity contracts — Certificate
§ 23-81-132. Registered life insurance policies and annuity contracts — Valuation
§ 23-81-135. Registered life insurance policies and annuity contracts — Credit of certain deposits
§ 23-81-136. Registered life insurance policies and annuity contracts — Deficiency of deposit