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22:05 Apr 28, 2017 |
Hungarian to English translations [PRO] Bus/Financial - Insurance | |||||||
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| Selected response from: Erzsébet Czopyk Hungary Local time: 05:06 | ||||||
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4 +1 | continuation of coverage during the grace period |
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continuation of coverage during the grace period Explanation: http://www.investopedia.com/terms/g/grace_period.asp A grace period is the provision in most loan and insurance contracts that allows payment to be received for a certain period of time after the actual due date. During this period, no late fees are charged, and the late payment does not result in default or cancellation of the loan. A typical grace period is 15 days. http://law.freeadvice.com/insurance_law/health_insurance/con... Continuation of Coverage When Premium Is Not Paid by Premium Due Date An insurance policy lapse is a termination of coverage that occurs when a policyholder fails to make the required premium payments. After a policy lapses, no benefits are payable because the coverage has terminated. Sometimes, however, there are circumstances when, even though you are late or delinquent on the payment of premium for your individual health insurance policy, your coverage may still be extended. We will discuss these situations so that you know and understand your rights. Grace period: The first circumstance is the application of the grace period provision of the policy. -------------------------------------------------- Note added at 1 hr (2017-04-29 00:00:43 GMT) -------------------------------------------------- Respiro - Kötelező biztosítás biztositaskotelezo.hu/r/respiro Respiro. Más néven türelmi időszak. A biztosítási feltételekben rögzített időszak, amely a biztosítási díj esedékességének napján kezdődik, és amely alatt a ... -------------------------------------------------- Note added at 4 days (2017-05-03 07:18:14 GMT) Post-grading -------------------------------------------------- Köszönöm |
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