KRS 304.15-040: Standard provisions required.

(1) No policy of life insurance other than pure endowments with or without return of

premiums or of premiums and interest, shall be delivered or issued for delivery in

this state unless it contains in substance all of the applicable provisions required by

KRS 304.15-050 to 304.15 -170, inclusive. This section shall not apply to annuity

contracts nor to any provision of a life insurance policy, or contract supplemental

thereto, relating to disability benefits or to additional benefits in the event of death

by accident or accidental means.

(2) Any of such provisions or portions thereof not applicable to single premium or

nonparticipating or term policies or insurance granted in exchange for lapsed or

surrendered policies, shall to that extent not be incorporated therein.