KRS 304.15-220: Misstatement of age or sex -- Annuities.

In an annuity or pure endowment contract, other than a reversionary, survivorship, or

group annuity, there shall be a provision that if the age or sex of the person or persons

upon whose life or lives the contract is made, or of any of them has been missta ted, the

amount payable or benefits accruing under the contract shall be such as the stipulated

payment or payments to the insurer would have purchased according to the correct age or

sex and that if the insurer shall make or has made any overpayment or ov erpayments on

account of any such misstatement, the amount thereof with interest at the rate specified in

the contract may be charged against the current or next succeeding payment or payments

to be made by the insurer under the contract.