Paid family leave insurance:
(1) May be:
(a) Included in a group disability income insurance policy or contract purchased by an employer;
(b) Offered as a rider, amendment, or supplemental policy provision to a group disability income insurance policy or contract purchased by an employer; or (c) Offered as a stand-alone group paid family leave insurance policy or contract purchased by an employer; and (2) Shall be subject to KRS 304.14-120 and any other requirements for group health insurance under this chapter unless:
(a) Paid family leave insurance is expressly exempted from the requirements; or (b) The requirements are in conflict with this subtitle.