508.28 - APPROVAL BY COMMISSIONER -- CONTESTABILITY OF POLICY. - Iowa Statutes

508.28 APPROVAL BY COMMISSIONER -- CONTESTABILITY OF POLICY. The commissioner of insurance shall decline to approve any such form of policy or contract of insurance unless the same shall, in all respects, conform to the laws of this state applicable thereto. The policy shall be incontestable after it shall have been in force during the lifetime of the insured for two years from its date, except for nonpayment of premiums.          Section History: Early Form [SS15, § 1783-b; C24, 27, 31, 35, 39, § 8671; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 508.28] Referred to in § 514G.106