A&H Policy ProvisionsQuestion 36 of 315
When an insurer discovers that an insured's age was misstated on an A&H application, what is the typical result under the optional Misstatement of Age provision?
a.The insurer must refund all premiums paid
b.The benefit or premium is adjusted to what the correct premium would have purchased
c.The policy is rescinded from the date of issue
d.The policy continues unchanged because age has no effect on A&H
Explanation
The Misstatement of Age provision is a corrective remedy, not a voiding remedy. The benefit (or premium) is adjusted to what the correct age premium would have purchased; the contract stays in force.
Law Reference: Cal. Ins. Code §10369.7Practice all 315 questions free — no signup required.
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Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)