I really hope not. That would be kind of like saying "this pre-flight checklist hasn't failed for years, so let's just skip them before we take off."
So, in short, no. It is not just a time bound thing. However, if you have not had a test fail in years, it is a good time to audit the test to make sure it is still relevant. If it isn't, get rid of it.
It is this kind of logic that insists on the pre flight video that everyone ignores. We can, and should, do better.