Misstatement of age of insured--Equitable adjustments of premiums or benefits

A policy of group life insurance 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. Source: SL 1966, ch 111 , ch 24, § 3 (5).