Florida Statutes 627.607 – Time limit on certain defenses
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(1) The contract shall include the following provision:
“Time Limit on Certain Defenses: After 2 years from the issue date, only fraudulent misstatements in the application may be used to void the policy or deny any claim for loss incurred or disability starting after the 2-year period.”
(2) A policy may, in place of the provision set forth in subsection (1), include the following provision:
“Incontestable:
(a) Misstatements in the Application: After this policy has been in force for 2 years during the insured‘s lifetime (excluding any period during which the insured is disabled), the insurer cannot contest the statements in the application.
Terms Used In Florida Statutes 627.607
- Contract: A legal written agreement that becomes binding when signed.
- insured: as used in this part , shall not be construed as preventing a person other than the insured with a proper insurable interest from making application for and owning a policy covering the insured or from being entitled under such a policy to any indemnities, benefits, and rights provided therein. See Florida Statutes 627.631
(b) Preexisting Conditions: No claim for loss incurred or disability starting after 2 years from the issue date will be reduced or denied because a sickness or physical condition, not excluded by name or specific description before the date of loss, had existed before the effective date of coverage.”