Definitions for "Contestable"
In insurance, this refers to the right of the insurance company to question or challenge the accuracy of information provided by the applicant. This right is not unconditional, but expires after two years (known as the contestable period) in most cases, after which the policy cannot be contested.
This refers to the insurance company's right to contest information provided by the policyowner in the application for insurance.
Keywords:  debatable, capable
Capable of being contested; debatable.