The group life insurance policy shall contain a provision specifying an equitable adjustment of premiums or of benefits, or of both, to be made in the event the age of a person insured has been misstated, such provision to contain a clear statement of the method of adjustment to be used.

(Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 2, subch. 6, § 17).)