A clause in any policy of life insurance providing that such policy shall be incontestable after a specified period shall preclude only a contest of the validity of the policy and shall not preclude the assertion at any time of defenses based upon provisions in the policy which exclude or restrict coverage, whether or not such restrictions or exclusions are excepted in such clause.
Structure Delaware Code
Chapter 29. LIFE INSURANCE AND ANNUITY CONTRACTS
§ 2903. “Industrial life insurance” defined.
§ 2904. Standard provisions required.
§ 2912. Table of installments.
§ 2915. Beneficiary, industrial policies.
§ 2917. Excluded or restricted coverage.
§ 2918. Standard provisions; annuity and pure endowment contracts.
§ 2919. Grace period; annuities.
§ 2920. Incontestability; annuities.
§ 2921. Entire contract; annuities.
§ 2922. Misstatement of age or sex; annuities.
§ 2924. Reinstatement; annuities.
§ 2925. Standard provisions; reversionary annuities.
§ 2926. Limitation of liability.
§ 2927. Prohibited provisions.
§ 2928. Provisions required by law of other jurisdiction.
§ 2929. Standard nonforfeiture law — Generally.
§ 2930. Incontestability; limitation of liability after reinstatement.
§ 2931. Participating, nonparticipating policies; right to issue.
§ 2933. Prohibited policy plans.
§ 2934. Registered policies, bonds; deposit.
§ 2935. Registered policies, bonds — Identification.
§ 2936. Registered policies, bonds — Records of Commissioner; valuation.
§ 2937. Registered policies, bonds — Additional deposits.
§ 2938. Registered policies, bonds — Deficient deposit.
§ 2939. Registered policies, bonds — Effect of insolvency.
§ 2940. Registered policies, bonds — Applicability of general deposit provisions.