Question

A health insurance policy paid on a quarterly basis has a grace period of 31 days.

- A) True
- B) False

Answer 1

Grace period of 31 days in a health insurance policy paid quarterly

Step-by-step explanation:

The subject of this question is Health.

The grace period of 31 days mentioned in the question is a term commonly associated with health insurance policies. A grace period is a specified amount of time after the due date of a premium payment during which the policy remains in effect. In this case, the health insurance policy in question allows a grace period of 31 days, meaning that as long as the premium payment is made within those 31 days, the policy will continue to provide coverage.

So, the statement True, the health insurance policy paid on a quarterly basis has a grace period of 31 days, is correct.