Illinois Compiled Statutes 215 ILCS 5/357.16 – “MISSTATEMENT OF AGE: If the age of the insured has been misstated, …
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Terms Used In Illinois Compiled Statutes 215 ILCS 5/357.16
- insured: as used in this article , shall not be construed as preventing a person other than the insured with a proper insurable interest from making application for and owning a policy covering the insured or from being entitled under such a policy to any indemnities, benefits and rights provided therein. See Illinois Compiled Statutes 215 ILCS 5/357.28
“MISSTATEMENT OF AGE: If the age of the insured has been misstated, all amounts payable under this policy shall be such as the premium paid would have purchased at the correct age.”