§33-14-9. Grace period.
In group life policies there shall be a provision that the
policyholder is entitled to a grace period of thirty-one days for
the payment of any premium due except the first, during which
grace period the death benefit coverage shall continue in force,
unless the policyholder shall have given 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 shall be liable to the insurer for
the payment of a pro rata premium for the time the policy was in
force during such grace period.