                                 CODE OF VIRGINIA

GRACE PERIOD (§ 38.2-3527)

Each group accident and sickness insurance policy shall contain a provision that
the policyowner is entitled to a grace period of not less than thirty-one days
for the payment of any premium due except the first premium. The provision shall
also state that during the grace period the accident and sickness coverage shall
continue in force unless the policyowner has given the insurer written notice of
discontinuance in accordance with the terms of the policy and in advance of the
date of discontinuance. The policy may provide that the policyowner shall be
liable to the insurer for the payment of a pro rata premium for the time the
policy was in force during the grace period.

HISTORY: 1986, c. 562.