Section 81

Notwithstanding any law to the contrary, a person over the age of 10 years shall not by reason only of being under the age of majority lack, and shall be deemed never to have lacked, the capacity to enter into a contract of insurance, but a person under the age of 16 years shall not have, and shall be deemed never to have had, the capacity to enter into such a contract except with the consent in writing of his parent or guardian.

Particulars to be set forth in life policy.