17B:25-17 - Incontestability; limitation of liability after reinstatement - New Jersey Statutes

17B:25-17.  Incontestability;  limitation of liability after reinstatement
    a.  A reinstated policy of life insurance may be contested on account of fraud or misrepresentation of facts material to the reinstatement only for the same period following reinstatement and with the same conditions and exceptions  as the policy provides with respect to contestability after original issuance.

    b.  When any life insurance policy is reinstated, such reinstated policy may  exclude or restrict liability to the same extent that such liability could have  been excluded or restricted when the policy was originally issued, and such  exclusion or restriction shall be effective from the date of reinstatement.

     L.1971, c. 144, s. 17B:25-17.