What must insurers provide upon eligibility for conversion to an individual policy?

Insurers must provide notice of the right to convert to an individual policy at least 15 days prior to the expiration of the group coverage. This is a critical consumer protection measure that ensures policyholders are aware of their options as their group insurance coverage comes to an end. The 15-day notification period allows individuals sufficient time to understand their rights and make informed decisions about their insurance needs.

The other choices, while they may seem related to policy requirements or beneficial to consumers, do not specifically address the mandated timeframe for providing notice about the right to convert to an individual policy. Understanding this timeframe is essential for both insurers and insured individuals to ensure a smooth transition in coverage and avoid any lapses that might occur if individuals are not properly informed.