Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 3 - LIFE, ACCIDENT, AND HEALTH INSURANCE AND ANNUITIES
Subchapter B - INDIVIDUAL LIFE INSURANCE POLICY FORM CHECKLIST AND AFFIRMATIVE REQUIREMENTS
Section 3.106 - Misstatement of Age

(a) The policy must provide that if the age of the insured has been understated, the amount payable under the policy shall be such as the premium paid would have purchased at the correct age. The word "misstated" may be used instead of "understated."

(b) If more than one life is insured (e.g., by inclusion of premium payor benefits or under family group plan) the amount payable on the death of deceased may be adjusted because of a misstatement in the age of a surviving insured, if the actuarial construction of the contract so requires.