Idaho Life Producer Exam 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

What is the minimum grace period for accident and health policies in Idaho that are paid less frequently than monthly?

15 days

31 days

In Idaho, the minimum grace period for accident and health policies that are paid less frequently than monthly is 31 days. This means that if a policyholder does not make their premium payment by the due date, they are granted a grace period of 31 days to make the payment without losing their coverage. This regulation is designed to provide consumers with adequate time to arrange for payments, recognizing that circumstances may arise that can affect timely payments. The grace period is essential to ensure that policyholders do not face immediate loss of coverage due to a missed payment, offering a buffer during financial difficulties or lapses in payment scheduling.

This provision is in line with consumer protection efforts, ensuring that individuals maintain access to their accident and health insurance even if they encounter temporary financial challenges.

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45 days

60 days

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