Common use of Contestable Claims Clause in Contracts

Contestable Claims. A “Contestable Claim” is a claim for benefits that falls within the period of time during which the Ceding Company may challenge the validity of the Policy. Upon the initial reporting of a Contestable Claim, the Ceding Company shall provide MARC with Claim Proofs and all other documentation held by the Ceding Company related to the claim and issuance of the Policy, including, but not limited to, the underwriting file, the claims investigation file and the Policy file.

Contestable Claims. A “Contestable Claim” is a claim for benefits that falls within the period of time during which the Ceding Company may challenge the validity of the Policy. Upon the initial reporting of a Contestable Claim, the Ceding Company shall provide MARC with Claim Proofs claim proofs – the death certificate, policy face amount, reinsured amount and retention amount - and all other documentation held by the Ceding Company related to the claim and issuance of the Policy, including, but not limited toto claim forms, the claim investigation file, the underwriting file, the claims investigation file and the Policy file.