| (a) Grace period. The premium payment for policy renewal
is considered timely if the Association receives it within 10 calendar
days after the due date.
(b) Applicability of the grace period to certain premium
surcharges. The grace period described in subsection (a) of this section
applies to a premium surcharge payment by an Association policyholder
under Insurance Code §2210.259, concerning Surcharge for Certain
Noncompliant Structures, or §2210.6132, concerning Contingent
Source of Payment for Class 2 and Class 3 Public Securities.
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