{"data":{"id":"us-ky/krs-304.16-200","jurisdiction":"us-ky","citation":"KRS 304.16-200","heading":"Conversion on termination of policy.","body":"There shall be a provision that if the group policy terminates or is amended so as to\nterminate the insurance of any class of insured individuals, every individual insured\nthereunder at the date of termination, whose insurance terminates, including the ins ured\ndependent of a covered person, and who has been so insured for at least five (5) years\nprior to the termination date shall be entitled to have issued to him by the insurer an\nindividual policy of life insurance, subject to the same conditions and limi tations as are\nprovided in KRS 304.16 -190, except that the group policy may provide that the amount\nof the individual policy shall not exceed the smaller of:\n(1) The amount of the individual's life insurance protection ceasing because of the\ntermination or amendment of the group policy, less the amount of any life insurance\nfor which he is or becomes eligible under any group policy issued or reinstated by\nthe same or another insurer within thirty-one (31) days of termination; and\n(2) $10,000.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=17282","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:45Z","sha256":"421b63e759ac2ac5f14c41b465ed69e0e1e637e21b42a707631280c0e58bcc3c","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.16-190","next":"us-ky/krs-304.16-210"},"notice":"GroundRules: Original legal text. Not legal advice."}