{"data":{"id":"us-ky/krs-304.15-190","jurisdiction":"us-ky","citation":"KRS 304.15-190","heading":"Grace period -- Annuities.","body":"In an annuity or pure endowment contract, other than a reversionary, survivorship or\ngroup annuity, there shall be a provision that there shall be a period of grace of one (1)\nmonth, but not less than thirty (30) days, within which any stipulated payment t o the\ninsurer falling due after the first may be made, subject, at the option of the insurer, to an\ninterest charge thereon at a rate to be specified in the contract for the number of days of\ngrace elapsing before such payment, during which period of grace  the contract shall\ncontinue in full force; but in case a claim arises under the contract on account of death\nprior to expiration of the period of grace before the overdue payment to the insurer or the\ndeferred payments of the current contract year, if any , are made, the amount of such\npayments, with interest on any overdue payments, may be deducted from any amount\npayable under the contract in settlement.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=17217","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:44Z","sha256":"65f4294fb62f0b9bdd4a59b598c9845cdd8bb54efcb756698d04a8a53f32c551","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.15-180","next":"us-ky/krs-304.15-200"},"notice":"GroundRules: Original legal text. Not legal advice."}