Exams / Wyoming Life Insurance License / Wyo. Stat. §26-17-112
Wyo. Stat. §26-17-112 — what it says, and how the exam tests it
This section is cited by 3 of our practice questions and is tested on 3 exams including the Wyoming Life Insurance License.
The text
26-17-112. Incontestability. The validity of the policy shall not be contested, except for nonpayment of premium, after it is in force for two (2) years from its date of issue. No statement made by any person insured under the policy relating to his insurability shall be used in contesting the validity of the insurance with respect to which the statement is made after the insurance is in force prior to the contest for a period of two (2) years during the person's lifetime nor unless it is contained in a written instrument he signs.
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's group life insurance statute, a statement made by a person insured under the policy relating to insurability may NOT be used to contest the validity of the insurance unless it is contained in what form?
drill Wyoming Statutes, Rules, and Regulations Pertinent to Life Insurance Only → - Under Wyoming law, for a group life insurance policy, a statement made by an insured person relating to insurability may NOT be used to contest the validity of that insurance unless it meets which requirement?
drill Wyoming Statutes, Rules, and Regulations Pertinent to Life Insurance Only → - Under Wyoming law, a statement made by a person insured under a group life insurance policy relating to insurability may be used to contest the insurance only if which condition is met?
drill Wyoming Statutes, Rules, and Regulations Pertinent to Life Insurance Only →