State RegulationsGA specificDifficulty 1/5
Under the Georgia standard provisions for individual accident and sickness insurance, what grace period applies to a policy with premiums payable quarterly?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Under O.C.G.A. § 33-29-3(b)(3), individual accident and sickness policies on any mode other than weekly or monthly — quarterly, semiannual, or annual — receive a 30-day grace period. During the grace period the policy remains in force, and the past-due premium may be paid to continue coverage without interruption.
Why the other options are wrong
- A) 10 days is reserved for monthly-premium policies, not quarterly-premium policies.
- B) 14 days appears in no Georgia accident and sickness grace provision.
- D) 31 days is not the Georgia A&S grace figure — the correct quarterly figure is 30 days.
Memory hook
Quarterly, semiannual, annual — anything but weekly or monthly gets 30 days.