17B:26-36 - Age limit
17B:26-36.Ā Age limit
If any policy contains a provision establishing, as an age limit or otherwise, a date after which the coverage provided by the policy will not be effective, and if such date falls within a period for which premium is acceptedĀ by the insurer or if the insurer accepts a premium after such date, theĀ coverage provided by the policy will continue in force subject to any right ofĀ cancellation until the end of the period for which premium has been accepted. In the event the age of the insured has been misstated and if, according toĀ the correct age of the insured, the coverage provided by the policy would notĀ have become effective, or would have ceased prior to the acceptance of suchĀ premium or premiums, then the liability of the insurer shall be limited to theĀ refund, upon request, of all premiums paid for the period not covered by theĀ policy.
L.1971, c. 144, s. 17B:26-36.
Ā
If any policy contains a provision establishing, as an age limit or otherwise, a date after which the coverage provided by the policy will not be effective, and if such date falls within a period for which premium is acceptedĀ by the insurer or if the insurer accepts a premium after such date, theĀ coverage provided by the policy will continue in force subject to any right ofĀ cancellation until the end of the period for which premium has been accepted. In the event the age of the insured has been misstated and if, according toĀ the correct age of the insured, the coverage provided by the policy would notĀ have become effective, or would have ceased prior to the acceptance of suchĀ premium or premiums, then the liability of the insurer shall be limited to theĀ refund, upon request, of all premiums paid for the period not covered by theĀ policy.
L.1971, c. 144, s. 17B:26-36.
Ā