State RegulationsFL specificDifficulty 1/5
A Florida health insurance policyowner pays premiums on a monthly mode. What grace period applies under Fla. Stat. 627.608?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under Fla. Stat. 627.608, health policy grace periods track the premium mode: 7 days for weekly modes, 10 days for monthly modes, and 31 days for all other modes. A monthly payer therefore gets 10 days after a missed premium during which coverage stays in force and the overdue premium can be paid without a break in protection.
Why the other options are wrong
- A) Seven days applies to weekly premium modes, not monthly ones.
- B) Thirty-one days applies to all modes other than weekly and monthly.
- C) Thirty days is the life-insurance minimum grace under Fla. Stat. 627.453, not the monthly-mode health figure.
Memory hook
Health grace by mode: 7 weekly, 10 monthly, 31 the rest.