§ 10-16-211 — Age limit

If any such policy contains a provision establishing, as
an age limit or otherwise, a date after which coverage provided by the policy will
not be effective, and if such date falls within a period for which a premium is
accepted by the insurer or if the insurer accepts a premium after such date, the
coverage provided by the policy will continue in force subject to any right of
cancellation until the end of the period for which the premium has been accepted.
In the event the age of the insured has been misstated and if, according to the
correct age of the insured, the coverage provided by the policy would not have
become effective or would have ceased prior to the acceptance of such premium,
the liability of the insurer shall be limited to the refund, upon request, of all
premiums paid for the period not covered by the policy.

Legislative History

Source: L. 92: Entire article R&RE, p. 1671, � 1, effective July 1.