CODE OF VIRGINIA

GRACE PERIOD REQUIREMENTS (§ 38.2-6107)

The contract holder shall be given a 31-day grace period for the payment of any
premium falling due after the first premium during which coverage remains in
effect. If payment is not received within the 31 days, coverage may be cancelled
after the thirty-first day and the contract holder may be held liable for the
payment of the premium for the period of time coverage remained in effect during
the grace period.

HISTORY: 2004, c. 668.