There shall be a provision that if it is found that the age or sex of the individual insured or the age or sex of any other individual considered in determining the premium has been misstated, any amount payable or benefit accruing under the policy shall be such as the premium would have purchased at the correct age or ages, sex or sexes.
Structure Code of Alabama
Chapter 16 - Industrial Life Insurance.
Section 27-16-1 - "Industrial Life Insurance" Defined.
Section 27-16-2 - Applicability of Chapter.
Section 27-16-3 - Policy Provisions - Generally.
Section 27-16-4 - Policy Provisions - Grace Period.
Section 27-16-5 - Policy Provisions - Entire Contract; Representations.
Section 27-16-6 - Policy Provisions - Incontestability.
Section 27-16-7 - Policy Provisions - Misstatement of Age or Sex.
Section 27-16-8 - Policy Provisions - Dividends.
Section 27-16-9 - Policy Provisions - Reinstatement.
Section 27-16-10 - Policy Provisions - Settlement of Claims.
Section 27-16-11 - Policy Provisions - Waiver, etc., of Policy Terms or Conditions.
Section 27-16-12 - Policy Provisions - Beneficiaries; Payment to Other Than Designated Beneficiary.
Section 27-16-13 - Policy Provisions - Nonforfeiture Benefits and Cash Surrender Values.
Section 27-16-14 - Policy Provisions - Title.
Section 27-16-15 - Policy Provisions - Applicability to Single Premium, etc., Policies.
Section 27-16-17 - Policy Provisions - Prohibited Provisions.