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Glossary   >   G   >   "Grace period" Definition            Grace period The period, normally 30 days, during which an insurance policy remains in force even though the premium has not been paid. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Grace period - The period, normally 30 days, during which an insurance policy remains in force even though the premium has not been paid.