What Is the Effect of an Incontestability Clause

Multiple Choice

What is the effect of an incontestability clause?

A) The insured cannot file a claim more than a specified time following the insured event.
B) The insurer cannot challenge the information in the application after a specified time.
C) The insured is required to not challenge the statements made by its own agent.
D) The state is prevented from challenging any claim payment decisions of the insurer.
E) The insurer is prevented from canceling an insurance policy due to nonpayment.