There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 15. Life Insurance
304.15.200 Incontestability -- Annuities.
Download pdfcondition to issuing an annuity or pure endowment contract, other than a reversionary,
survivorship or group annuity, and subject to KRS 304.15-220, there shall be a provision
that the contract shall be incontestable after it has been in force during the lifetime of the
person or of each of the persons as to whom such statements are required, for a period of
two (2) years from its date of issue, except for nonpayment of stipulated payments to the
insurer; and, at the option of the insurer, such contract may also except any provisions
relative to benefits in the event of disability and any provisions which grant insurance
specifically against death by accident or accidental means. Effective: June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 15, sec. 20, effective June 18, 1970.
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