In group life policies there shall be a provision that the policyholder is entitled to a grace period of thirty-one days for the payment of any premium due except the first, during which grace period the death benefit coverage shall continue in force, unless the policyholder shall have given the insurer written notice of discontinuance in advance of the date of discontinuance and in accordance with the terms of the policy. The policy may provide that the policyholder shall be liable to the insurer for the payment of a pro rata premium for the time the policy was in force during such grace period.
Structure West Virginia Code
Article 14. Group Life Insurance
§33-14-5a. Credit Union Groups
§33-14-6. Limits of Group Life Insurance
§33-14-8. Group Life Standard Provisions
§33-14-13. Misstatement of Age
§33-14-16. Conversion on Termination of Employment or of Membership in Eligible Class
§33-14-17. Conversion on Termination of Policy
§33-14-18. Death Pending Conversion
§33-14-19. Certificate or Statement of Coverage to Debtor
§33-14-20. Notice of Conversion Rights
§33-14-21. Application of Dividends and Rate Reductions to Cost of Insurance
§33-14-22. Group Annuity Contracts -- Standard Provisions
§33-14-23. Same -- Grace Period
§33-14-24. Same -- Entire Contract
§33-14-25. Same -- Misstatements
§33-14-26. Same -- Termination Benefits