A clause by which a Policy becomes unquestionable after the expiry of certain number of years (in India 4 years); term used in Health Insurance policies.
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A policy provision in which the company agrees not to contest the validity of the contract after it has been in force for a certain period of time, usually two years.
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MEDICAL,USA Provision in a health insurance contract or life insurance policy that states that the insurer is prohibited from disputing the coverage stated in the policy for certain conditions after it has been in force for 2 (or sometimes 3) years. Sometimes this clause is used in noncancelable guaranteed renewable insurance policies.