What is the grace period for weekly premium policies in Georgia?

Prepare for the Georgia Laws Life Agent Test. Enhance your skills with flashcards and multiple choice questions, each with hints and detailed explanations. Excel in your exam with confidence!

In Georgia, the grace period for weekly premium policies is indeed 10 days. This means that if a policyholder fails to pay their premium on time, they have an additional 10 days to make the payment without the policy lapsing. This grace period is designed to provide policyholders with a buffer, offering them time to get their payments in without losing coverage. Understanding the grace period is crucial for both agents and policyholders, as it helps prevent accidental lapses in insurance coverage due to missed payments, allowing for continued protection during that time.

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