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Home » US Law » 2022 Code of Alabama » Title 27 - Insurance. » Chapter 18 - Group Life Insurance. » Section 27-18-7 – Policy Provisions – Adjustment of Premiums And/or Benefits.

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.)