Exams / Wyoming Life Insurance License / Wyo. Stat. §26-16-115
Wyo. Stat. §26-16-115 — what it says, and how the exam tests it
This section is cited by 2 of our practice questions and is tested on 3 exams including the Wyoming Life Insurance License.
The text
26-16-115. Excluded or restricted coverage under incontestability clause. A clause in any life insurance policy providing that the policy is incontestable after a specified period precludes only a contest of the policy's validity and does 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.
Public record. Read the full, current section at the official source: wyoleg.gov
How it comes up on the exam
Practice questions written from this section — answers and explanations are in the drill.
- Under Wyoming law, an incontestability clause in a life insurance policy precludes a contest of the policy's validity but does NOT preclude which of the following?
drill Wyoming Statutes, Rules, and Regulations Pertinent to Life Insurance Only → - Under Wyoming law, when a life insurance policy contains an incontestability clause, that clause precludes only a contest of the policy's validity. Which of the following can an insurer still assert at any time?
drill Wyoming Statutes, Rules, and Regulations Pertinent to Life Insurance Only →