Section 27-18-7 Policy provisions - Adjustment of premiums and/or benefits. - Alabama Statutes

Section 27-18-7

Policy provisions - Adjustment of premiums and/or benefits.

The group life insurance policy shall contain a provision specifying an equitable adjustment of premiums or of benefits, or of both, to be made in the event the age of a person insured has been misstated, such provision to contain a clear statement of the method of adjustment to be used.

(Acts 1971, No. 407, p. 707, §413.)