17-312.

(A) IF ANY INDIVIDUAL INSURED UNDER A GROUP LIFE INSURANCE POLICY
DELIVERED IN THIS STATE BECOMES ENTITLED UNDER THE TERMS OF THE POLICY
TO HAVE AN INDIVIDUAL POLICY OF LIFE INSURANCE ISSUED WITHOUT EVIDENCE
OF INSURABILITY, SUBJECT TO MAKING OF APPLICATION AND PAYMENT OF THE
FIRST PREMIUM WITHIN THE PERIOD SPECIFIED IN THE POLICY AND IF THE
INDIVIDUAL IS NOT GIVEN NOTICE OF THE EXISTENCE OF THE RIGHT AT LEAST 15
DAYS PRIOR TO THE EXPIRATION DATE OF THE PERIOD, THEN IN THAT EVENT THE
INDIVIDUAL SHALL HAVE AN ADDITIONAL PERIOD WITHIN WHICH TO EXERCISE THE
RIGHT, BUT THIS SECTION MAY NOT BE CONSTRUED TO CONTINUE ANY INSURANCE
BEYOND THE PERIOD PROVIDED IN THE POLICY.

(B) THIS ADDITIONAL PERIOD SHALL EXPIRE 15 DAYS AFTER THE INDIVIDUAL
IS GIVEN THE NOTICE BUT IN NO EVENT SHALL THE ADDITIONAL PERIOD EXTEND
BEYOND 60 DAYS AFTER THE EXPIRATION DATE OF THE PERIOD PROVIDED IN THE
POLICY. WRITTEN NOTICE PRESENTED TO THE INSURER TO THE LAST KNOWN
ADDRESS OF THE INDIVIDUAL OR MAILED BY THE INSURER TO THE LAST KNOWN
ADDRESS OF THE INDIVIDUAL AS FURNISHED BY THE POLICYHOLDER SHALL
CONSTITUTE NOTICE FOR THE PURPOSE OF THIS PARAGRAPH.

17-309.

(a) Each policy of group life insurance shall contain a provision that if the
insurance or any part of it on an insured ceases under the policy because of
termination of employment or membership in the class or classes eligible for coverage
under the policy, the insured is entitled to have issued by the insurer, without evidence
of insurability, an individual policy of life insurance without disability or other
supplementary benefits, subject to the following conditions:

(1) SUBJECT TO SUBSECTION (B) OF THIS SECTION, application for the
policy must be made and the first premium must be paid to the insurer within 31 days
after the termination of employment or membership;

(2) the individual policy is, at the option of the insured, on any form,
except term insurance, customarily issued by the insurer at the age and for the amount
applied for;

(3) the individual policy is in an amount that does not exceed the amount
of life insurance that ceases because of the termination of employment or membership,
less the amount of life insurance for which the insured is eligible under the same or
another group policy within 31 days after the termination of employment or
membership; [and]

(4) the premium on the individual policy is at the insurer's customary
rate applicable to:

(i) the form and amount of the individual policy;

(ii) the class of risk to which the insured belongs; and