Under the standard mandatory provisions of NY Ins. Law § 3203, what is the minimum grace period an ordinary individual life policy must provide for payment of premiums after the due date?

Why this is the answer

NY Ins. Law § 3203(a) lists the mandatory provisions that every ordinary life policy issued or delivered in New York must contain, and one of them is a grace period of at least 31 days during which the policy stays in force even though the premium is overdue. If death occurs during the grace period, the insurer pays the death benefit minus the unpaid premium. Ten-, twenty-, and sixty-day windows are wrong: NY chose 31 days specifically to cover a calendar month plus one day, ensuring no month has fewer days than the grace.