KRS 304.16-120: Grace period.

In all group life policies there shall be a provision that the policyholder is entitled to a

grace period of thirty-one (31) days for the payment of any premium due except the first,

during which grace period the death benefit coverage shall continue in fo rce, unless the

policyholder has given the insurer written notice of discontinuance in advance of the date

of discontinuance and in accordance with the terms of the policy. The policy may provide

that the policyholder shall be liable to the insurer for the payment of a pro rata premium

for the time the policy was in force during such grace period.