Statutes > Arkansas Statutes > Title 23 - Public Utilities and Regulated Industries > Subtitle 3 - Insurance > Chapter 83 - Group Life Insurance And Annuities > § 23-83-114 - Misstatement of age provision.

§ 23-83-114 - Misstatement of age provision.

23-83-114. Misstatement of age provision.

A group 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. The provision shall contain a clear statement of the method of adjustment to be used.