Question

An insured pays premiums on an annual basis for an individual health insurance policy. What is the MINIMUM number of days for the Grace Period provision?

A) 7 days
B) 14 days
C) 30 days
D) 45 days

Answer 1

The minimum number of days for the Grace Period provision in an individual health insurance policy is 30 days.

Step-by-step explanation:

The Grace Period provision is the period of time after the premium due date during which an insured can pay the premium without their insurance coverage being terminated. The minimum number of days for the Grace Period provision for an individual health insurance policy is 30 days. During this time, the insured has the opportunity to make the premium payment and maintain their coverage.