304.18 -120 Minimum benefits under converted policy. (1) A converted policy issued pursuant to the conversion privilege contained in a group policy providing hospital or surgical expense insurance shall not impose a lifetime maximum benefit of less than five hundred thousand dollars ($500,000). (2) The commissio ner by administrative regulation shall establish minimum benefits for a converted policy issued pursuant to the conversion privilege contained in a group health policy. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 1297, effective Ju ly 15, 2010. -- Amended 2000 Ky. Acts ch. 521, sec. 4, effective July 14, 2000. -- Amended 1986 Ky. Acts ch. 163, sec. 2, effective July 15, 1986. -- Amended 1984 Ky. Acts ch. 322, sec. 12, effective July 13, 1984. -- Created 1974 Ky. Acts ch. 195, sec. 2, effective January 1, 1975.
Kentucky Legal Code