[Health Insurance] 19, Entire Contract and Time Limit on Certain Defenses

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
- The Entire Contract provision consists of the policy, the application, and any attached riders, forming the complete agreement.
- Verbal statements or promises made by an agent that are not in the written contract are unenforceable.
- The Time Limit on Certain Defenses sets a two-year period for insurers to contest misstatements on an application.
- After the two-year contestability period, a policy cannot be voided or a claim denied for misstatements, unless they were fraudulent.
- A key exam trap involves scenarios where a claim arises after the two-year period; for non-fraudulent misstatements, the insurer must pay.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

Видео [Health Insurance] 19, Entire Contract and Time Limit on Certain Defenses канала Open Exam Prep