The coverage of an individual who ceases to meet the eligibility requirements of this chapter may be terminated at the end of the policy period for which the necessary premiums have been paid. Coverage under this chapter terminates: 1. Upon request of the covered individual. 2. For failure to pay the required premium subject to a thirty-one-day grace period. 3. When the one million dollar lifetime maximum benefit amount has been reached. 4. If the covered individual is enrolled in health benefits under the state's medical assistance program. 5. If the covered individual is no longer a legal resident of this state, except for an individual who is absent from the state for a verifiable medical or other reason as determined by the board. 6. At the option of the plan, thirty days after the plan makes an inquiry concerning the individual's eligibility or place of residence to which the individual does not reply.
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