Exams / Wyoming Life Insurance License / Wyo. Stat. §26-17-111
Wyo. Stat. §26-17-111 — what it says, and how the exam tests it
This section is cited by 3 of our practice questions and is tested on 3 exams including the Wyoming Life Insurance License.
The text
26-17-111. Grace period. The policyholder is entitled to a grace period of thirty-one (31) days for the payment of any premium due except the first. The death benefit coverage continues in force during the grace period, unless the policyholder gives 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 is liable to the insurer for the payment of a pro rata premium for the time the policy is in force during the grace period.
Public record. Read the full, current section at the official source: wyoleg.gov
How it comes up on the exam
Practice questions written from this section — answers and explanations are in the drill.
- Under Wyoming law, during the grace period of a group life insurance policy, the policyholder may be liable to the insurer for what amount?
drill Wyoming Statutes, Rules, and Regulations Pertinent to Life Insurance Only → - Under Wyoming law, during the grace period of a group life insurance policy, what coverage continues in force?
drill Wyoming Statutes, Rules, and Regulations Pertinent to Life Insurance Only → - Under Wyoming law, during the grace period of a group life insurance policy, what continues in force unless the policyholder gives written notice of discontinuance?
drill Wyoming Statutes, Rules, and Regulations Pertinent to Life Insurance Only →