KRS 304.15-240: Reinstatement -- Annuities.

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

there shall be a provision that the contract may be reinstated at any time within one (1)

year from the default in making stipulated payments to the insurer, unless the c ash

surrender value has been paid, but all overdue stipulated payments and any indebtedness

to the insurer on the contract shall be paid or reinstated with interest thereon at a rate

specified in the contract, and in cases where applicable the insurer may also include a

requirement of evidence of insurability satisfactory to the insurer.