In insurance, a grace period refers to:
A. The time during which the insured can cancel the policy without penalty.
B. The time during which the insured can file a claim.
C. The time during which the insured can renew the policy without a lapse in coverage.
D. The time during which the insured can delay paying the premium.
Answer:C
In insurance, a grace period refers to:
A. The time during which the insured can cancel the policy without penalty. B. The time during which the insured can file a claim. C. The time during which the insured can renew the policy without a lapse in coverage. D. The time during which the insured can delay paying the premium.