The owner of an individual life policy delivered in Savannah, Georgia misses a premium due date. Under O.C.G.A. § 33-25-4, what grace period must the policy allow before it may lapse for nonpayment of premium?

Why A is correct

Under O.C.G.A. § 33-25-4, an individual life policy in Georgia must contain a grace period of 30 days for the payment of any premium after the first, during which the policy remains in force. The 31-day figure is not the Georgia life grace period (it appears only in the guaranty-association premium rule under § 33-38-7(a)(3)), and 7 or 10 days are health-policy mode figures under § 33-29-3, not life figures.

Why the other options are wrong

• B) 31 days belongs to the guaranty-association premium termination rule of § 33-38-7(a)(3), not the individual life grace period.
• C) 7 days is the weekly-mode accident and sickness grace figure under § 33-29-3, not the life grace period.
• D) 10 days is the monthly-mode accident and sickness grace figure and the life free-look period, not the life grace period.

Memory hook

Life grace in Georgia: 30 days — not 31, that's the guaranty rule.