State RegulationsAZ specificDifficulty 1/5
An individual health policy is paid for with weekly premiums. Under A.R.S. 20-1347, what minimum grace period must it provide?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
A.R.S. 20-1347 fixes the weekly-premium health grace period at not less than 7 days for any premium after the first. Coverage continues during the grace period, so a missed weekly payment does not immediately terminate the policyholder's protection.
Why the other options are wrong
- A) 31 days is the minimum for all other premium modes, such as quarterly or annual.
- B) 10 days is the monthly-premium minimum.
- C) 30 days is the individual life grace period under A.R.S. 20-1203, not the health weekly figure.
Memory hook
Weekly premiums get one week of grace.