Florida Life and Health Insurance License Practice Test

The contestability period for information on an accident and health application begins on the date that the

1. applicant submits the application

2. insurer dates the policy

3. policy is delivered to the insured

4. first premium is paid

The correct answer is: insurer dates the policy

The contestability period refers to the period of time in which the insurer has the right to contest or investigate the validity of information provided by the applicant in their application for an accident and health insurance policy. This is typically a period of 2 years from the date the policy was issued. Option A is incorrect because the contestability period begins when the policy is dated by the insurer, not when the application is submitted by the applicant. Option C is incorrect because the policy being delivered to the insured does not determine the start of the contestability period. Option D is incorrect because the first premium being paid also does not determine the start of the contestability period. Only the policy being dated by the insurer determines the start of the contestability period.