What provision authorizes an insurer to pay any premium in default at the end of the grace period?

The automatic premium loan provision allows an insurer to pay any premium that is in default at the end of the grace period. This provision is typically associated with policies that have a cash value component, such as whole life insurance. If the policyholder cannot pay their premium, the insurer can automatically take a loan against the policy's cash value to cover the unpaid premium, thus keeping the policy in force and preventing it from lapsing. This helps policyholders maintain their coverage even in times of financial difficulty.

The other options relate to different aspects of premium payment and policy provisions but do not specifically allow the insurer to pay premium defaults in the same way as the automatic premium loan provision.