L&HOhiomedium
Under R.C. 3915.05, how must an Ohio life insurer adjust the death benefit if the insured's age was misstated on the application?
Pay the amount the premium paid would have purchased at the correct age
BPay the face amount but require the beneficiary to repay any premium shortfall
CVoid the policy and refund all premiums paid
DPay the face amount in full regardless of the misstatement
Why this is the answer
Ohio's misstatement-of-age provision under R.C. 3915.05 does not allow the insurer to void the policy. Instead, the death benefit is adjusted up or down to the amount the premium actually paid would have purchased at the insured's correct age.
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