Unable to access raid10 lvm volumes after upgrading the system to 'kernel-3.10.0-862.14.4.el7'

Issue

• After upgrading the system to kernel-3.10.0-862.14.4.el7 the console messages are filled with following errors during boot process and the raid10 lvm volumes are not accessible:

  kernel: md/raid10:mdX: Disk failure on dm-7, disabling device.#012md/raid10:mdX: Operation continuing on 3 devices. <----------
  lvm[848]: WARNING: Device #0 of raid10 array, testvg-testlv1, has failed.
  dmeventd[848]: No longer monitoring RAID device testvg-testlv1 for events.
  kernel: device-mapper: raid: Faulty raid10 device #0 has readable super block.  Attempting to revive it.
  kernel: md: recovery of RAID array mdX
  lvm[848]: Monitoring RAID device testvg-testlv1 for events.
  dmeventd[848]: No longer monitoring RAID device testvg-testlv1 for events.
  kernel: md: recovery of RAID array mdX
  lvm[848]: Monitoring RAID device testvg-testlv1 for events.
  systemd: Starting Activation of DM RAID sets...
  systemd: Started Activation of DM RAID sets.
  kernel: md/raid10:mdX: Disk failure on dm-11, disabling device.#012md/raid10:mdX: Operation continuing on 2 devices.
  lvm[848]: WARNING: Device #2 of raid10 array, testvg-testlv1, has failed.
  kernel: md/raid10:mdX: Disk failure on dm-7, disabling device.#012md/raid10:mdX: Operation continuing on 2 devices. <----------
  lvm[848]: WARNING: Device #0 of raid10 array, testvg-testlv1, has failed.
  [...]
  

• Also, received following attempt to access beyond end of device errors during initialization of raid10 lvm volumes:

  kernel: attempt to access beyond end of device
  kernel: dm-7: rw=17, want=2104424, limit=106496
  kernel: attempt to access beyond end of device
  kernel: dm-9: rw=17, want=2104424, limit=106496
  md/raid10:mdX: Disk failure on dm-7, disabling device.