What is the time frame within which an insurer may contest a policy if an applicant fails to list a previous medical visit?

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The correct answer is two years from the date of issue. This timeframe is significant in the context of insurance policies in North Carolina, as it aligns with the state's regulations regarding the contestability of life insurance policies. Under North Carolina law, insurers have a limited period (usually two years) to investigate and potentially contest claims based on misrepresentations or omissions in the application process.

This provision is designed to balance the interests of both insurers and policyholders, providing some level of certainty to consumers that after two years, their policy cannot be easily contested on grounds that an applicant failed to disclose a previous medical visit, barring cases of fraud. This promotes transparency and encourages applicants to provide accurate information without the fear of being indefinitely exposed to contestation.

The other options reflect longer timeframes which are not in line with the established regulatory periods for contestability in North Carolina.

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