Florida Pump Operator Practice Exam

What is the minimum grace period required by Florida law for life insurance premium payments?

15 days 20 days 30 days 60 days

Correct Answer:

30 days

Explanation:

Florida law requires life insurance companies to offer a grace period of at least 30 days for missed premium payments. If the insured dies during this period, the death benefit is generally paid, minus any outstanding premium.

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