What is the minimum number of days for the grace provision in an individual health insurance policy with annual premium payments?

In the context of individual health insurance policies in North Carolina, the grace period is an important consumer protection measure that allows policyholders to make premium payments after the due date without losing coverage. According to state regulations, the minimum grace period for policies with annual premium payments is indeed 31 days.

This provision ensures that individuals have a reasonable amount of time to make their payments even if they encounter financial difficulties or other circumstances that may prevent timely payment. During this grace period, the insurance coverage remains intact, allowing individuals to receive necessary medical benefits without interruption.

While other periods may be common in different contexts or for other types of policies, 31 days is specifically outlined in North Carolina law for individual health insurance with annual payments, making this the correct choice in the question.