376.787. Effect of age limit provision.
Effect of age limit provision.
376.787. If any such policy contains a provisionestablishing, as an age limit or otherwise, a date after whichthe coverage provided by the policy will not be effective, and ifsuch date falls within a period for which premium is accepted bythe insurer or if the insurer accepts a premium after such date,the coverage provided by the policy will continue in forcesubject to any right of cancellation until the end of the periodfor which premium has been accepted. In the event the age of theinsured has been misstated and if, according to the correct ageof the insured, the coverage provided by the policy would nothave become effective, or would have ceased prior to theacceptance of such premium or premiums, then the liability of theinsurer shall be limited to the refund, upon request, of allpremiums paid for the period not covered by the policy.
(L. 1959 H.B. 252 § 8)