A clause in any policy of life insurance which provides that the 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 the restrictions or exclusions are excepted in the clause.
History. Code 1933, § 56-2509, enacted by Ga. L. 1960, p. 289, § 1.
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For note, “Incontestability Clauses in Georgia Insurance Contracts,” see 13 Ga. L. Rev. 850 (1979).
Structure Georgia Code
§ 33-25-1. “Contract of Life Insurance” Defined
§ 33-25-3. Required Policy Provisions Generally
§ 33-25-4. Required Nonforfeiture Provisions
§ 33-25-5. Inclusion of Provisions Excluding or Restricting Liability for Death
§ 33-25-6. When Issuance of Participating and Nonparticipating Policies Permissible
§ 33-25-7. Effect of Incontestable Clause
§ 33-25-10. Payment of Interest on Proceeds or Payments Under Policies
§ 33-25-12. Contesting of Policy After Reinstatement
§ 33-25-14. Unclaimed Life Insurance Benefits; Purpose; Definitions; Insurer Conduct