Under the grace-period provision of 40 P.S. § 510(b), a Pennsylvania life policy remains in force during which period for every premium after the first year?

Why B is correct

40 P.S. § 510(b) keeps a Pennsylvania life policy in force during a grace period of 'thirty days or one month' for every premium after the first year. The statutory phrasing matters: Pennsylvania prints the life grace as thirty days or one month, not as a 31-day count, and the Pennsylvania Insurance Department tests the statutory wording. During the grace period the policy remains fully in force, and if the insured dies the insurer may deduct the unpaid premium, with any optional interest, from the settlement rather than deny the claim.

Why the other options are wrong

• A) 10 days is the standard right-to-examine period under 40 P.S. § 510C, not the grace period of 40 P.S. § 510(b).
• C) The statute prints 'thirty days or one month'; a 31-day figure is an industry habit, not the Pennsylvania statutory grace period for life policies.
• D) 45 days is the same-insurer replacement tier of the right to examine under 40 P.S. § 510C, unrelated to premium payment.

Memory hook

Grace is 'thirty days or one month' — quote the statute, not the study-aid 31.