Sec. 4018. Each life insurance policy shall contain a provision that if there is a misstatement as to the age or sex of the insured in the policy, the amount payable or the death benefit under the policy shall be that which would be purchased by the most recent mortality charge or premium at the correct age or sex.
Mich. Comp. Laws § 500.4018
Misstatement of age or sex; provisions required
Applied in 2 court decisions — leading case National Credit Union Admin. Bd. v. Acacia Nat. Life Ins. Co. (1995)
Most recently applied in National Credit Union Admin. Bd. v. Acacia Nat. Life Ins. Co. (July 1995)
1956, Act 218, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.