{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-3913.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-3913.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-3913.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-3913.html"}],"law_id":63584,"edition_id":1,"section_id":63584,"structure_id":14709,"section_number":"38.2-3913","catch_line":"Required grace periods","history":"1985, c. 400, \u00a7 38.1-549.14; 1986, c. 562.","full_text":"Each insurance policy shall have a provision that the insured is entitled to a thirty-one-day period within which the payment of any premium or assessment after the first payment may be made. At the option of the insurer this may be subject to a reasonable interest charge for the number of days of grace elapsing before the payment of the premium or assessment. The provision shall also state that during the grace period the policy shall continue in full force, but if a claim arises under the policy during the grace period before the overdue premium or assessment is paid, the amount of such premium or assessment, with applicable interest, may be deducted from any amount payable under the policy in settlement.","order_by":null,"text":{"0":{"id":231642,"text":"Each insurance policy shall have a provision that the insured is entitled to a thirty-one-day period within which the payment of any premium or assessment after the first payment may be made. At the option of the insurer this may be subject to a reasonable interest charge for the number of days of grace elapsing before the payment of the premium or assessment. The provision shall also state that during the grace period the policy shall continue in full force, but if a claim arises under the policy during the grace period before the overdue premium or assessment is paid, the amount of such premium or assessment, with applicable interest, may be deducted from any amount payable under the policy in settlement.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14709,"edition_id":1,"name":"Policy Provisions and Benefits","identifier":"3","label":"article","depth":3,"order_by":1,"parent_id":14069,"metadata":{},"date_created":"2026-06-26 03:49:27","date_modified":"2026-06-26 03:49:27","permalink":{"id":216277,"object_type":"structure","relational_id":14709,"identifier":"3","token":"38.2\/39\/3","url":"\/38.2\/39\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14069,"edition_id":1,"name":"Mutual Assessment Life, Accident and Sickness Insurers","identifier":"39","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:46:47","date_modified":"2026-06-26 03:46:47","permalink":{"id":216231,"object_type":"structure","relational_id":14069,"identifier":"39","token":"38.2\/39","url":"\/38.2\/39\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12698,"edition_id":1,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":210661,"object_type":"structure","relational_id":12698,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":59863,"structure_id":14709,"section_number":"38.2-3910","catch_line":"Policy forms to be filed","url":"\/38.2-3910\/","token":"38.2\/39\/3\/38.2-3910","metadata":false},{"id":56365,"structure_id":14709,"section_number":"38.2-3911","catch_line":"Time limit on certain defenses","url":"\/38.2-3911\/","token":"38.2\/39\/3\/38.2-3911","metadata":false},{"id":72626,"structure_id":14709,"section_number":"38.2-3912","catch_line":"Incontestability of policies","url":"\/38.2-3912\/","token":"38.2\/39\/3\/38.2-3912","metadata":false},{"id":63584,"structure_id":14709,"section_number":"38.2-3913","catch_line":"Required grace periods","url":"\/38.2-3913\/","token":"38.2\/39\/3\/38.2-3913","metadata":false},{"id":69853,"structure_id":14709,"section_number":"38.2-3914","catch_line":"Policy to specify amount of payment and when to be paid","url":"\/38.2-3914\/","token":"38.2\/39\/3\/38.2-3914","metadata":false}],"previous_section":{"id":72626,"structure_id":14709,"section_number":"38.2-3912","catch_line":"Incontestability of policies","url":"\/38.2-3912\/","token":"38.2\/39\/3\/38.2-3912","metadata":false},"next_section":{"id":69853,"structure_id":14709,"section_number":"38.2-3914","catch_line":"Policy to specify amount of payment and when to be paid","url":"\/38.2-3914\/","token":"38.2\/39\/3\/38.2-3914","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-3913\/","history_text":"<p>This law was first created in 1985. The record of its establishment is cataloged in chapter 400 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1985 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 1986, chapter 562.<\/p>","references":false,"refers_to":false,"permalink":{"id":216291,"object_type":"law","relational_id":63584,"identifier":"38.2-3913","token":"38.2\/39\/3\/38.2-3913","url":"\/38.2-3913\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-3913\/","token":"38.2\/39\/3\/38.2-3913","dublin_core":{"Title":"Required grace periods","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-3913","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Each <span class=\"dictionary\">insurance<\/span> policy shall have a provision that the insured is entitled to a thirty-one-day period within which the payment of any premium or assessment after the first payment may be made. At the option of the <span class=\"dictionary\">insurer<\/span> this may be subject to a reasonable interest charge for the number of days of grace elapsing before the payment of the premium or assessment. The provision shall also <span class=\"dictionary\">state<\/span> that during the grace period the policy shall continue in full force, but if a claim arises under the policy during the grace period before the overdue premium or assessment is paid, the amount of such premium or assessment, with applicable interest, may be deducted from any amount payable under the policy in <span class=\"dictionary\">settlement<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nREQUIRED GRACE PERIODS (\u00a7 38.2-3913)\n\nEach insurance policy shall have a provision that the insured is entitled to a\nthirty-one-day period within which the payment of any premium or assessment\nafter the first payment may be made. At the option of the insurer this may be\nsubject to a reasonable interest charge for the number of days of grace elapsing\nbefore the payment of the premium or assessment. The provision shall also state\nthat during the grace period the policy shall continue in full force, but if a\nclaim arises under the policy during the grace period before the overdue premium\nor assessment is paid, the amount of such premium or assessment, with applicable\ninterest, may be deducted from any amount payable under the policy in\nsettlement.\n\nHISTORY: 1985, c. 400, \u00a7 38.1-549.14; 1986, c. 562.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}