514A.7 Age limit. If any such 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 aperiod for which premium is accepted by the insurer or if the insurer accepts a premium aftersuch date, the coverage provided by the policy will continue in force subject to any right ofcancellation until the end of the period for which premium has been accepted. In the eventthe age of the insured has been misstated and if, according to the correct age of the insured,the coverage provided by the policy would not have become effective, or would have ceasedprior to the acceptance of such premium or premiums, then the liability of the insurer shallbe limited to the refund, upon request, of all premiums paid for the period not covered by thepolicy. [C54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §514A.7]Referred to in §514D.3, 514D.7 Sat Dec 23 00:44:29 2023 Iowa Code 2024, Section 514A.7 (15, 0)
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