If the policy contains a provision establishing, as an age limit or otherwise, a date after which the coverage provided by the policy will not be effective, and if the date falls within a period for which premium is accepted by the insurer or if the insurer accepts a premium after that date, the coverage provided by the policy will continue in force until the end of the period for which premium has been accepted. If 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 before the acceptance of the premium or premiums, 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.
Section: Previous 21.51.240 21.51.250 21.51.260 21.51.270 21.51.280 21.51.290 21.51.300 21.51.310 21.51.320 21.51.330 21.51.340 21.51.400 21.51.405 21.51.500 NextLast modified: November 15, 2016