KRS 304.15-130: Reinstatement.

There shall be a provision that, unless the policy has been surrendered for its cash

surrender value, or its cash surrender value has been exhausted, the policy will be

reinstated at any time within three (3) years (or two (2) years in the case of industri al life

insurance policies) from the date of premium default upon written application therefor,

the production of evidence of insurability satisfactory to the insurer, the payment of all

premiums in arrears and the payment or reinstatement of any other ind ebtedness to the

insurer upon the policy, all with interest at the rate specified.