# [Health Insurance] 20, Grace Period and Reinstatement Provisions

Page: https://stenobird.com/podcast/insurance-exam-prep-7644557/health-insurance-20-grace-period-and-reinstatement-provisions
Text version: https://stenobird.com/podcast/insurance-exam-prep-7644557/health-insurance-20-grace-period-and-reinstatement-provisions.md
Podcast: [Insurance Exam Prep](https://stenobird.com/podcast/insurance-exam-prep-7644557)
Published: 2026-04-16T23:26:01+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/a7a5da94-8816-4d68-aea8-abd9724a8f93.mp3
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Duration seconds: 214

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The length of the Grace Period is determined by the premium payment mode: 7 days for weekly, 10 for monthly, and 31 for all others. - Coverage remains in force during the Grace Period, but any unpaid premium will be deducted from a claim payment. - Reinstatement is required after a policy lapses and involves a new application and payment of back premiums. - After a policy is reinstated, accidents are covered immediately, but a 10-day waiting period applies to sickness claims. - If an insurer does not reject a reinstatement application within 45 days, the policy is considered automatically reinstated. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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