The group life insurance policy must contain a provision that the policyholder is entitled to a grace period of 31 days for the payment of a premium due except the first, during which grace period the death benefit coverage shall continue in force, unless the policyholder gave the insurer written notice of discontinuance in advance of the date of discontinuance and in accordance with the terms of the policy. The policy may provide that the policyholder shall be liable to the insurer for payment of a pro rata premium for the time the policy was in force during the grace period.
Section: Previous 21.48.010 21.48.020 21.48.060 21.48.070 21.48.090 21.48.100 21.48.110 21.48.120 21.48.130 21.48.140 21.48.150 21.48.160 21.48.170 21.48.180 21.48.190 NextLast modified: November 15, 2016