Subject to the conditions set forth for continuation in §§ 58-18-7 to 58-18-7.11, inclusive, a qualified beneficiary may continue coverage for a total of thirty-six months under the following conditions:
(1) If at the death of the employee or member, the qualified beneficiary's coverage under the group policy terminates by reason of such death;
(2) If a qualified beneficiary ceases to be a qualified family member under the group policy, while the employee or member remains insured under the policy;
(3) Any medicare ineligible qualified beneficiary of a current employee;
(4) The qualified beneficiary of an employee who is eligible for medicare; or
(5) Divorce or legal separation of employee.