State RegulationsOH specificDifficulty 1/5
What grace period must an Ohio individual sickness and accident policy provide when premiums are payable monthly?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
ORC 3923.04(C) sets the A&H grace period by premium mode: 7 days for weekly premiums, 10 days for monthly premiums, and 31 days for all other policies. A monthly-mode policy therefore must allow a 10-day grace period, during which coverage continues.
Why the other options are wrong
- B) Wrong because 7 days is the grace period for weekly premiums under ORC 3923.04(C), not monthly.
- C) Wrong because 31 days applies to all other policies — modes other than weekly and monthly — not to the monthly mode.
- D) Wrong because 20 days is not an Ohio A&H grace period; the monthly figure is 10 days.
Memory hook
Weekly 7, monthly 10, everything else 31.