State RegulationsGA specificDifficulty 1/5
An individual life policy issued in Georgia has a premium due on the first of the month, and the policyowner pays nothing that day. Under O.C.G.A. § 33-25-4, how long is the grace period before the policy may lapse?
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 A is correct
Under O.C.G.A. § 33-25-4, the grace period on an individual life policy in Georgia is 30 days: coverage stays in force during the period, and the overdue premium may be paid to keep the policy intact. The 31-day figure belongs to other Georgia rules — it is never the individual life grace period.
Why the other options are wrong
- B) Thirty-one days is a documented distractor; Georgia's individual life grace period is 30 days.
- C) Ten days would fit a weekly-premium accident and sickness policy under O.C.G.A. § 33-29-3(b)(3), not an individual life policy.
- D) Sixty days has no basis in the life grace provision; O.C.G.A. § 33-25-4 fixes 30 days.
Memory hook
Life grace is thirty, never thirty-one.