State RegulationsAZ specificDifficulty 1/5
Under A.R.S. 20-1204, an individual life policy issued in Arizona becomes incontestable after being in force during the lifetime of the insured for what period from its date of issue?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
A.R.S. 20-1204 makes an individual life policy incontestable after it has been in force during the lifetime of the insured for 2 years from its date of issue, except for nonpayment of premiums. After that point, the insurer cannot reopen the application to avoid the contract.
Why the other options are wrong
- A) 6 months is the maximum period for deferring a policy loan, not the contestability period.
- C) 3 years is the window for applying to reinstate a lapsed life policy under A.R.S. 20-1213.
- D) 4 years is the Arizona license renewal term length, not a contestability period.
Memory hook
Two years in force and the application is off limits.