(a) A life insurance certificate issued by an association must include:
(1) on the front page of the certificate, a definitive statement of the amount of the death benefit to be paid; and
(2) a plain statement of the circumstances or conditions under which the benefit is to be paid.
(b) A life insurance certificate must provide that if the age of the insured is misstated, the amount of insurance is the amount that the premium paid would have purchased if the age had been stated correctly, based on rates in effect when the insured dies.