Florida Life and Health Insurance License Practice Test

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In Florida, what is the required minimum grace period for a health policy paid on a quarterly basis?

10 days
15 days
31 days
45 days

The correct answer is: 31 days

In Florida, the minimum grace period required for a health policy paid on a quarterly basis is 31 days. Option A, 10 days, may seem like a reasonable amount of time, however, this may not be enough time for individuals to make their payment and could lead to unintentional lapses in coverage. Option B, 15 days, also falls short of the required minimum grace period in Florida. Option D, 45 days, exceeds the required minimum grace period and could potentially cause confusion for individuals who are used to a shorter grace period. Therefore, the correct answer is C.