{"data":{"id":"us-ak/as-21.53.062","jurisdiction":"us-ak","citation":"AS 21.53.062","heading":"Incontestability period.","body":"(a) If a long-term care insurance policy has been in force for less than six months, an insurer may rescind the policy or deny an otherwise valid long-term care claim under the policy on a showing of misrepresentation that is material to the acceptance for coverage.\n(b) If a long-term care insurance policy has been in force for at least six months but less than two years, an insurer may rescind the policy or deny an otherwise valid long-term care claim under the policy on a showing of misrepresentation that is both material to the acceptance for coverage and pertains to the condition for which benefits are sought.\n(c) If a long-term care insurance policy has been in force for two years or more, the policy is not contestable on the grounds of misrepresentation alone and may only be contested on a showing that the insured knowingly and intentionally misrepresented relevant facts relating to the insured's health.\n(d) If an insurer has paid benefits under a long-term care insurance policy, the insurer may not recover the benefit payments if the policy is rescinded.\n(e) This section applies to a life insurance policy that accelerates benefits for long-term care. However, if an insured dies, this section does not apply to the remaining death benefit of a life insurance policy that accelerates benefits for long-term care, and the remaining death benefit under the policy is subject to AS 21.45.040.","path":["Title 21. Insurance.","Chapter 53. Long-term Care Insurance."],"source_url":"https://www.akleg.gov/basis/statutes.asp#21.53.062","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:17:40Z","sha256":"296c465bfc176b588a6aaf905544a1ff7db5ddd5751cb5500b3beffba4b1670b","source_id":"us-ak","stale":false,"prev":"us-ak/as-21.53.060","next":"us-ak/as-21.53.064"},"notice":"GroundRules: Original legal text. Not legal advice."}