304.15 -322 Notification of insured of cash surrender value. Within three (3) months after default of any premium payment on any life insurance policy which has a cash surrender value, the insurer shall notify the insured in writing of the cash surrender value and of the insured's options as to the application of th e cash surrender value as provided in the policy. Effective: July 15, 1980 History: Created 1980 Ky. Acts ch. 32, sec. 1, effective July 15, 1980.
Kentucky Legal Code