Final answer:
The grace period required for an individual accident and health insurance policy with monthly premiums can vary depending on the insurance company and specific policy terms. It typically ranges from 10 to 30 days.
Step-by-step explanation:
The grace period required for an individual accident and health insurance policy with monthly premiums can vary depending on the insurance company and specific policy terms. A grace period is a set amount of time after the due date of a premium during which a payment can be made without penalty. It typically ranges from 10 to 30 days. During the grace period, the policy remains in effect, and coverage is provided. However, if the premium is not paid within the grace period, the policy may lapse, and coverage will be terminated.