31A-22-405 - Misstated age or gender. - Utah Statutes

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Statutes > Utah > Title-31a > Chapter-22 > 31a-22-405

31A-22-405. Misstated age or gender.
(1) Subject to Subsection (2), if the age or gender of the person whose life is at risk ismisstated in an application for a policy of life insurance, and the error is not adjusted during theperson's lifetime, the amount payable under the policy is what the premium paid would havepurchased if the age or gender had been stated correctly.
(2) If the person whose life is at risk was, at the time the insurance was applied for,beyond the maximum age limit designated by the insurer, the insurer shall refund at least theamount of the premiums collected under the policy.

Amended by Chapter 308, 2002 General Session

State Codes and Statutes

Statutes > Utah > Title-31a > Chapter-22 > 31a-22-405

31A-22-405. Misstated age or gender.
(1) Subject to Subsection (2), if the age or gender of the person whose life is at risk ismisstated in an application for a policy of life insurance, and the error is not adjusted during theperson's lifetime, the amount payable under the policy is what the premium paid would havepurchased if the age or gender had been stated correctly.
(2) If the person whose life is at risk was, at the time the insurance was applied for,beyond the maximum age limit designated by the insurer, the insurer shall refund at least theamount of the premiums collected under the policy.

Amended by Chapter 308, 2002 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-31a > Chapter-22 > 31a-22-405

31A-22-405. Misstated age or gender.
(1) Subject to Subsection (2), if the age or gender of the person whose life is at risk ismisstated in an application for a policy of life insurance, and the error is not adjusted during theperson's lifetime, the amount payable under the policy is what the premium paid would havepurchased if the age or gender had been stated correctly.
(2) If the person whose life is at risk was, at the time the insurance was applied for,beyond the maximum age limit designated by the insurer, the insurer shall refund at least theamount of the premiums collected under the policy.

Amended by Chapter 308, 2002 General Session