What is an Insurer's liability when it Is discovered after an Insured dies that the Insured's age on the policy was misstated?
A.
The insurer is not liable to pay any amount due to the insured's misstatement of age.
B.
The insurer must pay the full amount of the policy, minus any additional premiums the Insurance company would have paid based on the Insured's actual age.
C.
The insurer must pay a prorated amount of the policy based on the amount of insurance the insured's premiums would have been if purchased at the correct age.
D.
The insurer must pay the full amount as stated in the policy, as age is not considered a relevant factor.
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