Section 83-7-15 - Misstatement of age not to invalidate policy

Any misstatement of age in any policy, certificate, or contract of life insurance in any form shall not invalidate said policy, certificate, or contract of life insurance; but in such a case when a loss occurs, the beneficiaries shall recover on said policy, certificate, or contract of insurance such an amount of insurance as the premiums paid would have purchased for the insured at his actual age, reckoning according to the rate tables of said insurance company.Codes, 1906, § 2676; Hemingway's 1917, § 5142; 1930, § 5175; 1942, § 5685.