HARRY HUGHES, Governor

2867

(6)  THE DATE ON WHICH THE INSURED ELECTS NO LONGER TO
HAVE COVERAGE UNDER THE GROUP CONTRACT; OR

(7)  THE DATE ON WHICH THE EMPLOYER CEASES TO PROVIDE
BENEFITS TO ITS EMPLOYEES UNDER A GROUP CONTRACT.

(E)  ANY CONTINUATION COVERAGE UNDER THIS SECTION:

(1)  SHALL BE PROVIDED WITHOUT EVIDENCE OF
INSURABILITY OR ADDITIONAL WAITING PERIODS;

(2)  SHALL PROVIDE FOR THE PAYMENT TO THE EMPLOYER BY
THE INSURED OF AN AMOUNT WHICH DOES NOT EXCEED:

(I)  THE SUM OF THE EMPLOYER CONTRIBUTION AND
ANY CONTRIBUTION WHICH WOULD HAVE BEEN REQUIRED TO BE PAID BY THE
INSURED IF THERE HAD BEEN NO APPLICABLE CHANGE IN STATUS; AND

(II)  A REASONABLE ADMINISTRATIVE FEE WHICH
SHALL BE SUBJECT TO REVIEW AND APPROVAL BY THE COMMISSIONER;

(3)  SHALL PERMIT THE PAYMENT OF ANY SUCH AMOUNT IN
MONTHLY INSTALLMENTS IF SO ELECTED BY THE INSURED;

(4)  SHALL BE IDENTICAL TO THE COVERAGE OFFERED UNDER
THE GROUP CONTRACT TO SIMILARLY SITUATED INDIVIDUALS WHERE THERE
HAS BEEN NO APPLICABLE CHANGE IN STATUS; AND

(5)  SHALL BE AVAILABLE TO THE SPOUSE AND DEPENDENT
CHILDREN OF THE INSURED IF:

(I)  THE GROUP CONTRACT PROVIDES BENEFITS FOR
SPOUSES AND DEPENDENT CHILDREN; AND

(II)  THE INSURED'S SPOUSE AND DEPENDENT
CHILDREN WERE COVERED UNDER THE GROUP CONTRACT PRIOR TO THE
APPLICABLE CHANGE IN STATUS.

(F)  (1) THE ELECTION PERIOD FOR THE COVERAGE PROVIDED UNDER
THIS SECTION SHALL BEGIN WITH THE DATE ON WHICH THERE HAS BEEN AN
APPLICABLE CHANGE IN STATUS AND END NO SOONER THAN 45 DAYS AFTER
SUCH DATE.

(2) TO ELECT THE COVERAGE PROVIDED UNDER THIS
SECTION," THE INSURED SHALL SUBMIT A SIGNED ELECTION NOTIFICATION
FORM TO THE EMPLOYER DURING THE ELECTION PERIOD.

(G)  (1) EVERY CERTIFICATE ISSUED TO AN INSURED UNDER A
GROUP CONTRACT SHALL INCLUDE A STATEMENT, IN A MANNER AND FORM
APPROVED BY THE COMMISSIONER, WHICH ADVISES THE INSURED OF THE
FOLLOWING:

(I) THE AVAILABILITY OF BENEFITS UNDER THIS
SECTION;