A. The conversion policy shall, if the group insurance policy insurers that employee or member for basic hospital or surgical expenses insurance, make available the plans of benefits as set forth in Sections 15 and 16 hereof. At the option of the insurer, such plans of benefits may be provided under one policy.

B. The insurer may also, in lieu of the plans of benefits set forth in Sections 15 and 16 above, provide a policy of Comprehensive Medical Expense Benefits without first dollar coverage. Such policy shall conform to the requirements of Section 16, provided, however, that an insurer electing to provide such a policy shall make available a low deductible option, not to exceed $100, a high deductible option between $500 and $1,000, and a third deductible option midway between the high and low deductible options.