{"data":{"id":"us-ky/krs-304.16-120","jurisdiction":"us-ky","citation":"KRS 304.16-120","heading":"Grace period.","body":"In all group life policies there shall be a provision that the policyholder is entitled to a\ngrace period of thirty-one (31) days for the payment of any premium due except the first,\nduring which grace period the death benefit coverage shall continue in fo rce, unless the\npolicyholder has given the insurer written notice of discontinuance in advance of the date\nof discontinuance and in accordance with the terms of the policy. The policy may provide\nthat the policyholder shall be liable to the insurer for the  payment of a pro rata premium\nfor the time the policy was in force during such grace period.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=17274","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:45Z","sha256":"9f7bde9df38045e0b1fef1aa77403e3dec34357798ef6ac153c5f1828307da26","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.16-115","next":"us-ky/krs-304.16-130"},"notice":"GroundRules: Original legal text. Not legal advice."}