A group life insurance policy shall contain in substance 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.
§ 59A-21-16 NMSA 1978
Misstatement of age
Known as the Group Life Insurance Law
The act spans §§ 59–59 (28 sections).
Laws 1984, ch. 127, § 413.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.