GENERAL REQUIREMENTS FOR INSURANCE CERTIFICATE AND APPLICATION FORMS; INCONTESTABILITY

(a) An insurance certificate issued by an association must include: (1) any condition of the certificate, including any portion of the bylaws of the association that affects the insurance rights of the parties in any material way; and (2) a statement that the certificate is issued subject to: (A) the association's constitution and bylaws; and (B) any amendments to the constitution and bylaws approved by the commissioner. (b) An insurance certificate must provide that a certificate in force for two years becomes incontestable, except for nonpayment of dues or assessments, on the second anniversary of the date of issuance, if the insured does not die before that date. (c) An insurance certificate issued by an association or an application for the certificate may not contain language or be in a form that misleads the certificate holder or applicant about the kind of insurance provided under the certificate.