Grace. Period means the specified period of time immediately following the premium due date during which a payment can be made to renew or continue a policy in force without loss of continuity benefits such as waiting periods and coverage of pre-existing diseases. Coverage is not available for the period for which no premium is received.
Appears in 3 contracts
Sources: Insurance Policy, Insurance Policy, Insurance Policy
Grace. Period means the specified period of time immediately following the premium due date during which a payment can be made to renew or continue a policy the Policy in force without loss of continuity benefits such as waiting periods period and coverage of pre-existing diseases. Coverage is not available for the period for which no premium is received.
Appears in 1 contract
Sources: Group Health Policy