State RegulationsCA specific✓ Verified · outline & fact-checked · Sep 2026Difficulty 2/5
A California individual life insurance policy is not paid when the premium is due. Under Section 10113.71, the policy must provide a grace period of at least:
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Section 10113.71 (enacted by AB 1747) requires individual and group life insurance policies issued or delivered in California to include a grace period of not less than 60 days for late premium payments. If the insured dies during the grace period, the death benefit is paid, minus the overdue premium. Flexible-premium variable life policies use a 61-day period per Bulletin 87-3.
Why the other options are wrong
- B) Thirty days is the free-look minimum for seniors (60+), while the group conversion window is 31 days — neither is the grace period.
- C) Ten days is the free-look floor for under-60 consumers, not a grace period.
- D) Ninety days exceeds the statutory requirement; 60 days is the 'not less than' standard.
Memory hook
Grace = 60 days of late-payment mercy in California (61 for variable life). Death within grace? Benefit paid, premium deducted. Old 7/31-day numbers are other states.