KRS 304.16-200: Conversion on termination of policy.

There shall be a provision that if the group policy terminates or is amended so as to

terminate the insurance of any class of insured individuals, every individual insured

thereunder at the date of termination, whose insurance terminates, including the ins ured

dependent of a covered person, and who has been so insured for at least five (5) years

prior to the termination date shall be entitled to have issued to him by the insurer an

individual policy of life insurance, subject to the same conditions and limi tations as are

provided in KRS 304.16 -190, except that the group policy may provide that the amount

of the individual policy shall not exceed the smaller of:

(1) The amount of the individual's life insurance protection ceasing because of the

termination or amendment of the group policy, less the amount of any life insurance

for which he is or becomes eligible under any group policy issued or reinstated by

the same or another insurer within thirty-one (31) days of termination; and

(2) $10,000.