§ 48.25.050. Grace period
There shall be a provision that the insured is entitled to a grace period of four weeks within which the payment of any premium after the first may be made, except that in policies the premiums for which are payable monthly, the period of grace shall be one month but not less than thirty days; and that during the period of grace the policy shall continue in full force, but if during the grace period the policy becomes a claim, then any overdue and unpaid premiums may be deducted from any settlement under the policy.
[1947 c 79 § .25.05; Rem. Supp. 1947 § 45.25.05.]
Sections: Previous 48.25.010 48.25.020 48.25.030 48.25.040 48.25.050 48.25.060 48.25.070 48.25.080 48.25.090 48.25.100 48.25.110 48.25.120 48.25.130 48.25.140 48.25.150 NextLast modified: April 7, 2009